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The plans include personal income tax notes and a line of credit with a consortium of banks.

Mayor warns about a worsening budget picture amid possible roadblocks to further federal aid and more dire projections from watchdog IBO.

The system is managing the pandemic's impact on its campuses and hospitals, as well as a drop in the price of oil, which supports it financially. Neither situation is expected to shake its rating strength.

The state is facing an immediate $3.2 billion budget hole for the current fiscal year, with revenue estimates cut more than $5 billion for the next two.

There are, in practice, a limited number of ways to invest in infrastructure and it is impossible to do so without getting involved in state and municipal financing from an effectiveness perspective — putting aside cost, because government entities are the primary way the federal government moves its money into the market.

Uncertainty and volatility have caused a bifurcated market when it comes to credit, and widespread disparity between high-quality and high-yield is complicating matters for issuers.

The Federal Reserve issued a stark warning Friday that stock and other asset prices could suffer significant declines should the coronavirus pandemic deepen, with the commercial real estate market being among the hardest-hit industries.

The Bluegrass State will issue debt for operations and capital needs at the University of Louisville Health Medical Center.

California may need to use interfund borrowing to get its budget into balance, Gavin Newsom said.

Analysts and issuers say the Municipal Liquidity Facility is a last resort aimed primarily at lower-rated issuers. But recent deals could prove the MLF’s effectiveness as a backstop.