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Even after paring down the capital plan, the MTA will need to issue debt, and sooner than planned. It will be issued under the MTA's transportation revenue credit rather than its congestion pricing credit, so near-term debt service costs will be higher, CEO Janno Lieber said.
June 11
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Many issuers are trying to understand rating agency methodology changes that could affect more than a third of them.
June 11 -
Restoring tax-exempt advance-refunding remains a top legislative priority.
June 11
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The use of unregistered municipal advisors in the public-private partnership sector can lead to unnecessarily expensive deals for cities and states, said SEC's Dave Sanchez.
June 11
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Munis should see better performance this week as issuance falls to $5.2 billion this week and cash still needs to be reinvested, said Jason Wong, vice president of Municipals at AmeriVet Securities.
June 10
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The Water and Power Authority got good financial news from the U.S. Federal Emergency Management Agency but bad financial news from a federal court in Puerto Rico.
June 10
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The ratings agency cited growing enplanement counts, expectations of resilience during future economic downturns, and strong management for its upgrade to AA from AA-minus.
June 10
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Her abrupt suspension of the tolling plan for Lower Manhattan leaves a $15 billion hole in the Metropolitan Transportation Authority's capital budget.
June 10
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Dual threats of lawsuits and loss of investors loom over calling the bonds.
June 10
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Cities and states should carefully review the joint federal proposal and flag anything that may create a market problem, said the SEC's Dave Sanchez.
June 10
