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The city has estimated liabilities of between $100 million and $500 million and assets of only between $10 million and $50 million, according to the filing.

Both S&P Global Ratings and Kroll Bond Rating Agency revised their outlooks for Chicago general obligation bonds to positive from stable.

Republicans critical of the infrastructure law won't be able to stop the flow of federal funds, even if they win the House.

The newly stand-alone Water Infrastructure Finance Authority can sell water augmentation bonds as part of the state's quest for new water sources.

The city's mayor says clarity is needed on debt issuance practices in the wake of the ruling.

Fitch also affirmed the A rating on $800.3 million of senior lien seaport revenue bonds Miami-Dade County issued on behalf of its seaport department.

Third-quarter sales tax collections by local governments in New York increased 10.2% year-over-year, but that falls to 1.8% after adjusting for inflation.

Refinitiv Lipper reported $2.537 billion of outflows from municipal bond mutual funds for the week ending Wednesday after $2.389 billion the week prior.

The suit, filed on behalf of community groups and area residents, alleges New York state officials skirted the law when negotiating a deal with developer Vornado Realty Trust in 2018.

S&P said the ProMedica's divestiture helps address operating losses but it's a longer road ahead to return to investment grade.