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He had an extensive career in public finance which largely consisted of structuring municipal bond financings that funded the expansion of airports, healthcare centers and other institutions.

The 32-bed Trinity Regional Hospital Sachse opened in 2021 and was funded through municipal bonds sold through the Wisconsin-based Public Finance Authority.

Moody's credited generally sound fiscal practices, good governance and federal aid with the likelihood that Maui County and the state would retain their current credit ratings.

The award will be presented to Chu during Women in Public Finance's national conference in Washington, D.C. in September.

Syncora Guarantee and GoldenTree Asset Management filed notice of appeal again seeking a receiver in the bankruptcy.

Over the last month or so there's been some volatility in the muni market driven by the Treasury side, said Daryl Clements, municipal portfolio manager at AllianceBernstein.

The upgrades mark the second in a year for the tollway authority's ratings, which were raised last August by S&P Global Ratings.

Fitch analysts mentioned the tardy ACFR in the ESG section of its most recent rating report on California general obligation bonds.

Andy DeVries of CreditSights is fairly optimistic about the eventual outcome for bondholders, though its tax-exempt paper has been trading at a discount.

The settlement, which hinged on a successful exchange of old bonds for fresh debt, resolves long-running investor litigation.