Finance

The rating agency will await the legislature's passage of a final budget before casting a credit judgment.

The municipal bond market is in for another action-packed week, with above-average issuance and COVID-19 still spreading rapidly.

With each passing day, fears surrounding COVID-19 elevate as the equity sell-off pressed on. The biggest winners have and will continue to be muni issuers, as they are selling into a record low rate market.

Moody's Investors Service revised the outlook on Hurley Medical Center's Ba1 rating to positive from stable ahead of a $52 million sale.

Municipal market technicals were already driving performance and so the strong quality bid has deepened the rally across the curve as the asset class really didn’t need to grab the U.S. Treasuries coattails all that tightly.

Issuers of all sizes are taking advantage of the expanding taxable investor base — from institutions to international to SMAs — as the muni market evolves.

Issuers in the Far West sold $85 billion of municipal bonds in 2019, a 23% increase from 2018.

Chris Mier, CFA of Loop Capital, says fiscal policy needs to achieve more at present and believes we are at a comfortable point in the credit cycle. Despite that conviction, he says the coronavirus will serve to slow growth. John Hallacy hosts.

Municipal bond yields were unchanged at record low levels, according to late reads.

Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.

The city's sustained financial health is attracting private investment and enabling it to fund neighborhood infrastructure needs, Mayor Bill Peduto said.

As COVID-19 fears run rampant, investors continued to sell off equities, resulting in muni yields again following Treasury yields down to all-time lows.

The Fitch rating on the bonds, issued as part of the Midwestern Disaster Area authorization, remains deep in junk.

Municipal bonds yields continued their descent and once again rewrote the record books, as the flight to safety on fears of COVID-19 that took place Friday picked up right where it left off.

Moody's upgraded the revenue bonds of the largely industrial city near Los Angeles to Baa2 ahead of a $158 million refunding.

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

November's progressive income tax referendum looms large over Gov. J.B. Pritzker's proposed fiscal 2021 budget and the state's long-term fiscal prospects.

Bond yields keep grinding lower ahead of the largest issuance week of 2020, clocking in at $13 billion.

The $5.2 billion Buckeye Tobacco Settlement Authority deal will restructure the debt service schedule, returning the Ohio credit to investment-grade.

The market got technically stronger and the new-issue calendar builds.