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The Payson Town Council rescinded its approval for $70 million of bonds targeted by a lawsuit filed in September.

Fitch Ratings ranks the credit as AA, up from AA-minus.

The increase in the muni market's size, number of novel credits and retail investors suggest it's "finally time" for direct SEC regulation, argue market veterans Kent Hiteshew and David Dubrow.

Observers say the decision may be a credit positive for the financially struggling utility

Pressure on the state budget level is being felt by both the University of California and California State University systems.

October's "price path has created wider spreads but also brought higher yields that are now in the range where a broader audience may begin to take notice," said NewSquare Capital Senior Fixed Income Portfolio Manager Kim Olsan, noting higher taxable equivalent yields for different tenors of the yield curve.

The results of the Nov. 5 polls will address many key municipal market policies.

Wittstruck takes over the S&P role previously held by Robin Prunty, who retired in August.

The month's total is above the 10-year average of $40.288 billion. The market needs to see about $45 billion of issuance in November and December to hit an all-time record year.

Nearly six thousand seats are up for grabs in state tilts, along with 14 bond issues.