Finance

Financial struggles remain for the San Francisco Bay Area city after two recent upgrades.

BofA Securities priced the county’s $700 million of tax and revenue anticipation notes.

The upgrade to $2 billion of outstanding debt brings the county's ratings to the AA-plus level across the board.

Declining passenger volume has put Manchester-Boston Regional Airport at risk of dropping to a near-junk bond rating.

Led by sales in the airport, housing and healthcare sectors, the municipal bond market got some much-needed supply.

New revenue and fewer one-shot revenue solutions make the fiscal 2020 budget more acceptable to analysts, but dark long-term clouds remain.

Kansas City International Airport is conducting a full-court press to sell the bonds, backed by a pledge tarnished by Platte County's default on appropriation-backed debt.

Municipal bond buyers are prepared Monday to see almost $7 billion of volume head their way this week.

Siebert Cisneros Shank & Co. hired industry veterans Levi Davis and Ron Morrison as managing directors in its Dallas office.

Weekly bond volume is forecast to hit $6.99 billion in a calendar composed of $4.36 billion of negotiated deals and $2.63 billion of competitive sales.

Though monthly issuance improved to $27.46 billion, the most this year, it remained 22% below the May 2018 level.

The New York MTA is set to issue $50 million of variable rate revenue bonds on Clarity Bidrate Alternative Trading System, highlighting the uptick in usage of variable rate debt.

Mayor Lori Lightfoot called on Edward Burke, the former finance committee chair, to resign from city council after new federal corruption indictments.

The United Methodist Retirement Communities' $18 million sale follows a one notch downgrade by Fitch Ratings to BBB.

A large industrial revenue bond issue closed out the primary in a holiday-shortened week for the municipal bond market.

Scott Waguespack will chair the committee that vets city bond deals and other financial transactions.

Demand for tax-exempt income overwhelmed the usual selling in the secondary market during tax season.

GASB Statement 91 calls for conduit issuers to stop reporting conduit debt in their financial statements and to report all of it in their accompanying notes starting Dec. 15, 2020.

Munis are termed rich, but taxables still shine.

Stockton University’s ability to meet enrollment targets for its new satellite campus led to a rating outlook boost.