Prior to joining The Bond Buyer, Jennifer covered local news for multiple Chicago and suburban community newspapers. More recently, she reported on local government for The Daily Herald. She has also profiled business leaders for the online magazines Vanguard, Blueprint, Vision and Toggle and written for several online news sites.
S&P's upgrade to BBB from BB-plus follows a March upgrade from Moody's Ratings, bringing the city to investment grade a decade after its historic bankruptcy.
With cyberattacks on the rise, issuers have had to keep fortifying their defenses against criminals targeting the public sector.
Voters in the Milwaukee Public Schools District passed a referendum Tuesday that would raise property taxes to fund $252 million of additional spending.
This is the second wastewater deal since the city received an upgrade in April 2023.
"What we saw in 2023 was a large surge of issuers coming back into the single-family bond market," said Kurt van Kuller of Sit Investment Associates.
The bankruptcy of Iowa City's Mercy Hospital is closer to an end with the resolution of a dispute between unsecured creditors and the trustee and bondholder.
The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
The former Citi banker earlier this month was tapped by Huntington National Bank to become the firm's head of public finance, becoming the fourth woman to ascend to the role in the municipal industry.
The University of Chicago's Harris School Policy Innovation Challenge is a "Shark Tank"-style competition in which eight teams took on Chicago's pension problem.
Moody's Ratings hiked Detroit's issuer and general obligation unlimited tax bond ratings to Baa2 from Ba1, a milestone for the formerly bankrupt city.