Far West

After a four-year absence, Utah’s Intermountain Power Agency returns to the municipal market with nearly $552 million of power supply revenue bonds.

Fitch and S&P have now joined Moody’s in downgrading the Renton, Washington-based healthcare system’s $6 billion of bonds.

A lot is at stake for facilities like Los Angeles International Airport, which has a $15 billion capital improvements program underway.

The budget represents a turn-around as the county got a handle on pandemic-related expenses.

Having completed its first flood management P3, the Army Corps is embarking on a pair of P3 financings to restore urban ecosystems.

Moody's deemed the temporary gas tax holidays implemented in several states credit negative.

Fitch Ratings revised its outlook to stable from negative on the state's A-plus rating, two weeks after the state received a positive outlook from S&P.

The Fitch Ratings upgrade to A-plus applies to $80 million in debt issued for the University of Portland in Oregon.

Oregon Treasurer Tobias Read called off a lottery bond sale planned in 2020 after lottery revenues cratered because of pandemic-related business closures.

The Washington-based system faces challenges, including operating pressures, variable utilization, and weaker liquidity making it more difficult for it to absorb the impact at its previous rating level.