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Moody's Investors Service cut the outlook for the system, already rated at junk Ba1.
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The pilot program began in May, but was not officially announced by the IRS until last week.
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Nineteen deals on the schedule are $100 million or larger, including the $1.3 billion Chicago securitization transaction.
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Three of four economic measures improved in September from August.
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The first meeting for several new board members included discussions with other regulators and groups, the MSRB said Monday.
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For the first time since the central bank introduced its 2% inflation objective in 2012, both the headline and core measures of year-on-year price moves hit their target on the nose last month.
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School districts again dominate November's local bond questions, but some but cities and counties are offering large debt proposals.
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The municipal bond market is gearing up for what should be a busy week, with a bunch of good sized deals and one mega deal.
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The muni market will see volume rise in the last week of October as buyers will be treated with a billion deal from Chicago’s Sales Tax Securitization Corp. and a $714 million offering from the Department of Los Angeles airports.
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Texas factory activity continued to expand in October, although at a slower pace than the previous month.
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