Finance

NYC to continue Wells' muni underwriting ban as Fed's Powell opines on the firm's woes.

S&P Global Ratings upgraded Chicago Public Schools to BB-minus from B-plus, and Fitch Ratings upgraded it to BB from BB-minus, ahead of a $369 million deal.

Deals from Atlanta, Massachusetts, Ohio and Miami-Dade County led Tuesday's primary activity.

Bloomfield Township it cutting its budget after voters rejected a tax levee that was to help it meet its $161 million in unfunded liabilities.

The state of Tennessee and its school bond authority will be issue $350 million of highly rated new money bonds this month and next.

Massachusetts taxable deal hits $858 million.

It's Moody's first upgrade of the state since 1997.

The last full trading week ahead of the Labor Day holiday will see a variety of credits come to market.

County supervisors gave the treasurer and tax collector 180 days to come back with recommendations for a public finance diversity and inclusion initiative.

The commonwealth intends to refund $630 million in taxable and tax-exempt bonds next week, and issue $600 million tax-exempt new-money on Sept. 5.

Houston issued bonds in the negotiated sector, while Long Beach competitively sold two issues.

The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

Issuers in the nine-state Far West region sold $34.6 billion of municipal bonds in 2019's first six months.

The Lone Star State sold $8 billion of notes to buyers with an endless appetite for short-term muni paper.

Market participants are questioning IFS' future and how a rogue trader engaged in unsupervised trades.

Two Virgin Trains USA deals from Florida helped push the region's volume up 9.8% over last year, making it one of only two regions to sell more bonds.

The municipal team at PIMCO see several areas of opportunity for muni investors in the second half of 2019.

An airport official says the third upgrade in a year will mean savings for upcoming refunding and new money bond plans.

As a result of the March 23 appellate court ruling, Fitch announced on April 11 it has put seven bond issuances on negative ratings watch.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.