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The authority maintained positive rating momentum by drawing outlook changes from Moody's on both its water and sewer bonds and from Fitch on its sewer debt.

Moody's says the cut is a credit negative for the U.S. Virgin Islands' matching fund bonds.

The American Rescue Plan was passed without waiving the Pay As You Go Act, which could prevent municipalities from receiving payments on bonds already issued.

The "after-action" report concluded that the Great Hall project would have been better served with a more traditional finance and contracting approach.

UBS was the only bank that underwrites municipal bonds on the list of 10 financial companies determined to be boycotting energy businesses under a Texas law aimed at protecting the state's oil and natural gas industry.

Investors will be greeted Monday with decreased supply with the new-issue calendar estimated at $5.882 billion, down from total sales of $6.134 billion in the week of Aug. 22.

UBS was the only municipal bond underwriter included on the Texas comptroller's list of 10 financial companies determined to be boycotting energy businesses.

The congestion pricing plan that puts tolls on vehicle traffic coming into lower Manhattan still faces many hurdles before it would take effect.

The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.

Cervantes, who joined the board as a member earlier this year, retired from Stifel in October 2020.