Tennessee Lands A Third Triple-A Rating
Tennessee's general obligation bonds got a boost to AAA Thursday by S&P Global Ratings, which cited the state’s sound operations and improving economy.
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The Palmetto State should merge its state infrastructure bank into the transportation department, auditors said.  more »
Moody's Investors Service has affirmed Brunswick County's Aa2 general obligation bond rating, noting the county has a "very high quality credit position."  more »
Port St. Lucie, Fla., will only recover 6% from the bond-laden incentive package the city used to lure a digital effects studio to town.  more »
Hope seemed slim Tuesday for Charlotte-Mecklenburg Schools' request that county commissioners put school bonds on the November ballot and add $23 million to the district's operating budget.  more »
Tax-exempt bonds give municipal issuers a unique advantage in negotiating public-private partnerships, a factor that some municipal market and legal advocates say should not be overshadowed.  more »
In a city government close to collapse, Opa-locka's top financial officer broke ranks and warned her supervisors the city will run out of money after its payroll next week and that its recovery plans will not be enough to save Opa-locka from insolvency.  more »
GREENSBORO -- Come Nov. 8, local voters likely will see bond projects on their ballots.  more »
Municipal market participants are urging the Treasury Department and Internal Revenue Service to withdraw their proposed rules on political subdivisions, claiming they are unnecessary, possibly illegal, and would disrupt the municipal bond market.  more »
Atlanta Mayor Kasim Reed said he would not discuss why he dismissed Hartsfield-Jackson Atlanta International Airport general manager Miguel Southwell and Watershed Management commissioner Jo Ann Macrina.  more »
Fitch Ratings upgraded Jefferson County, Ala.’s general obligation and issuer default ratings to A from BBB, saying that the county has put finances on a “strong footing.”  more »
Gov. Phil Bryant's signing on Tuesday of a $250 million bond bill for specific projects in many cities and counties statewide implements the good, bad and marginally beneficial.  more »
A U.S. judge appointed a receiver to manage and eventually sell two low-income apartment complexes in Memphis that lost federal subsidies because of numerous health and safety violations, which triggered a default on municipal bonds backed by the project.  more »
Circuit Court Judge Thomas Wingate ruled that Kentucky Gov. Matt Bevin acted properly when he ordered higher education budget cuts.  more »

Daniel Berger, Senior Market Strategist at Municipal Market Data, talks about the recent rally in municipal bonds which has brought long-term yields down to record lows. He talks about continuing demand from retail investors in light of the upcoming Summer redemption season and he discusses the allure that the American tax-exempt market has for overseas buyers. He outlines the recent spread compression in quality credits and also looks at some of the market's outliers -- Puerto Rico and Chicago.

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