Ratings

An influx of federal funds contributed to the stable outlook.

The U.S. labor shortage is bearing down on hospitals' bottom line and shows no signs of letting up next year according to rating agencies' 2022 sector outlooks.

The state will take a fresh dose of good rating news into the market when it competitively sells $400 million to fund pension buyouts and capital expenditures.

The rating agency said the upgrade reflected financial resiliency during the COVID-19 pandemic and a strong rebound in air travel demand exceeding expectations.

The nation's second-largest county heads into the market next week with a GO refunding buoyed by an upgrade and an outlook boost.

The rating upgrade reflects “sustained reduction in its long-term liability burden and Fitch's expectations of a stable burden going forward."

The outlook revisions boosts a city with some $8 billion in borrowing in the works, including more than $1 billion before the end of this year.

Fitch Ratings revised the Canaveral Port Authority and Port Everglades rating outlooks to stable from negative as cruise ship activity accelerates.

The Illinois State Toll Highway Authority plans $600 million of borrowing next month and $500 million next year as its 15-year-old capital program remains in full speed ahead mode.

The Illinois Municipal Electric Agency will have paid off its debt by the time the Prairie State Energy Campus faces an emissions deadline to avoid an early decommissioning under new Illinois clean energy mandates.

Fitch joined Kroll and Moody's in moving Chicago's outlook to stable from negative as City Council prepares to vote on a budget and $4.4 billion in borrowing.

S&P lifted its outlook to stable on Minneapolis' AAA rating and Fitch went positive on its AA-plus rating.

Fitch Ratings changed the outlook on the city's bonds to stable from negative ahead of the deal.

S&P Global Ratings affirmed the city's BBB-minus rating after debt restructurings triggered a CreditWatch placement.

Ferguson regained its investment grade issuer rating by rebuilding its balance sheet while meeting federal consent decree mandates to overhaul police and court tactics.

Bond ratings and other positive news of late could merely paper over warning signs of another fiscal cliff.

The city's high leverage drew a two-notch Moody's downgrade ahead of a pension obligation bond deal to pay the unfunded liabilities of its public safety plans.

Both S&P Global Ratings and Moody's Investors Service lifted their outlooks, citing a rebound from pandemic-driven budget pressures.

Fitch cited the state's stronger-than-anticipated rebound from the pandemic's lows in revising the outlook on its AA-plus rating from negative.

Ridership on the RTA's three service boards remains sharply below pre-pandemic levels but it benefits from coronavirus relief and stellar sales tax performance.