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Illinois' latest upgrade is its fourth over the last year and moves its general obligation rating three notches away from the cusp of junk, where it once sat.
May 5
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Analysts agree with Moody's that the island still faces financial risks.
May 5
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The infrastructure package features $5.4 billion to fight wildfires. Issuers like California's Yuba Water Agency say the money is a game changer.
May 5
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The high court validated about $800 million of ratepayer-backed bonds to finance the recovery of fuel costs incurred by Oklahoma Gas and Electric Company (OG&E) during the February 2021 storm.
May 5
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The development could potentially affect the tax-exempt status of bonds issued for the school, though it will likely be resolved before that happens.
May 5
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Outflows continue with the Investment Company Institute reporting $5.371 billion pulled from muni bond mutual funds in the week ending April 27. Exchange-traded funds saw inflows at $1 billion.
May 4
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The local government's bond restructuring law specified the tax was to go to the General Fund starting on March 15.
May 4
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The Oklahoma Turnpike Authority received state approval on Wednesday for a $200 million revolving line of credit to jumpstart its $5 billion expansion program, but will not be able to spend a portion of the money unless a lawsuit is resolved in its favor.
May 4
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Joliet closed on two federal WIFIA loans that mark a milestone in the the city's plans to overhaul its water infrastructure.
May 4
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The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.
May 4
