Rich Saskal is a managing editor of The Bond Buyer. Since joining the publication in 2003, he has also worked as a reporter and as its Far West bureau chief. He has a master's degree in journalism from the University of Colorado and a bachelor's degree from the University of Virginia.
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Fitch joined S&P Global Ratings in assigning a gilt-edged rating to the city, ahead of a planned general obligation deal later this month.
By Rich SaskalAugust 9 -
Moody's Investors Service upgraded the Connecticut capital city's issuer rating to Baa3 from Ba2.
By Rich SaskalAugust 7 -
New Jersey received a Moody's Investors Service upgrade to A1, citing the state's approach to pension funding and debt defeasement.
By Rich SaskalApril 6 -
Legacy Cares, which built Bell Bank Park in Mesa, was due to make a $10.3 million interest payment Jan. 1, but only had $2.68 million in the bond fund, the trustee said.
By Rich SaskalJanuary 20 -
Legacy Cares, which left construction contractors unpaid and had its bond trustee declare a default event, says a new debt sale will clear up its fiscal issues.
By Rich SaskalJanuary 13 -
"Be ready to do anything that is asked of you," Mary Hinojosa Kelly said. "You need to have all of those skill sets in your toolbox to add value."
By Rich SaskalNovember 14 -
Nonprofit Legacy Cares failed to make three monthly payments to support debt service on $284 million of bonds issued for a multiport venue in Mesa, Arizona.
By Rich SaskalOctober 31 -
Monday's opening panel of The Bond Buyer California Public Finance conference in Los Angeles was an insiders' look at muni market challenges and opportunity.
By Rich SaskalSeptember 13 -
Municipal bond issuers in the Southwest sold $90.8 billion of debt in 2021, down 3.2% from 2020 as lost refunding volume outpaced a gain in new-money sales.
By Rich SaskalFebruary 18 -
The city, which previously spent tens of millions of dollars to keep the NHL's Arizona Coyotes from leaving, will turf the team from its arena at season's end.
By Rich SaskalJanuary 14