Finance

The new budget draws down fund balances for new spending and tax relief but improving reserves and fully funded pensions cushion the state's ratings.

New-issue supply started to trickle into the market Monday, a thin stream that will turn into a torrent by week’s end.

The Long Island township is emerging from the cloud of SEC scrutiny.

The municipal bond market will continue to see a swarm of mid-sized deals that will be taken down with ease, continuing the good times that have been fueled by 27 straight weeks of fund inflows.

Fitch Ratings cut Vermont's general obligation bonds to AA-plus, citing slower growth prospects driven by an aging population that isn't growing.

The education sector dominated the municipal bond market on Thursday as several big deals hit the screens.

RBC Capital Markets added Ian Parker as it positions itself to help issuers bring to market billions of dollars in authorized affordable housing debt.

Dozens of deals hit the screens on Wednesday, with offerings from Massachusetts and New York issuers headlining the supply slate.

Persistent enrollment declines at Daemen College led Fitch Ratings to assign a negative outlook to the western New York school.

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

Former Hilltop Securities bankers Chris Allen and Gabriella Briceno have joined RBC Capital Markets in Houston where they will seek to grow RBC's financial advisory business.

The municipal bond market on Tuesday was treated to variety of new issues.

The Massachusetts Port Authority expects to price $461 million of revenue bonds through a negotiated sale primarily to accommodate growth at New England's largest airport.

Just under $7 billion of new-issue supply is on tap in the municipal primary market this week.

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.

It's reinvestment season and the market is poised to consume about $7 billion, with California State University and San Jose on the menu.

California retained its top spot in total volume, but New York State dominated with deal size, with two deals in the top five and five in the top 10.

The top municipal bond underwriters have outperformed their 2018 first halves in both volume and transactions year over year.

Moody's Investors Service revised the outlook on its A2 rating for Yonkers, New York, to negative from stable.

Cal Quinn, CEO of Bancroft Capital, joins Jeffery Barrett, a candidate in Bancroft’s veteran training program, to discuss how the firm helps vets develop a career, not just find a job, in the financial services industry. Chip Barnett hosts.