Finance

Financial institutions and other businesses with ties to the kingdom would face a ban on doing business with Chicago under a proposed ordinance.

Volatility in the equity market spurred a flight to quality.

The debt issuance by Worcester, Massachusetts, to build a minor-league baseball stadium will probably not affect the city’s credit quality, according to Moody's.

While S&P, Moody's and Fitch still provide ratings on about 92% of municipal bonds, market participants say they don’t rely on the rating agencies as they once did. Part 2 of The Bond Buyer’s series on the decade after the financial crisis.

Municipals were stronger at mid-session as new supply started to trickle into the market.

Funding a major capital program increasingly with debt is a big challenge, said finance director Robert Foran.

Attracting companies like Amazon requires more than tax incentives, favorable regulations and other lures to which we can attach a dollar sign.

Moody's Investors Service lowered its outlook for the county's Aa1 rating.

Although there is no direct role for tax-exempt bonds in Opportunity Zones, municipalities are looking at them as a way to attract capital investment to economically distressed areas.

Puerto Rico bonds gained in a mixed muni market as a revised fiscal plan projected a bigger surplus.

Municipal bonds were stronger on Monday ahead of this week’s rather paltry new issue supply calendar.

Weekly bond volume is forecast to fall to $5.9 billion from $10.3 billion in the prior week.

The new GASB standards apply to Other Post-Employment Benefits, or OPEB, which mostly pertain to retiree health benefits, but also can include dental, vision, disability and death benefits.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

Municipal bond supply plunges to under $6 billion next week after seeing over $10 billion of new issues priced this week.

The last of the large municipal bond deals came to market on Thursday, led by a $1.5 billion healthcare offering from Ohio.

Fitch Ratings said it won't lower its ratings because of JEA's litigation attempting to shed a power purchase agreement with Georgia's MEAG.

Things began to quiet down in the municipal bond market on Thursday, as most of the big deals have come and gone for the week.

California competitively sold nearly $900 million of bonds while the Salt Lake City airport deal was priced in the negotiated sector.

Continued fiscal progress a year in the wake of resolving outstanding casino tax appeals moved Atlantic City’s credit rating toward a B grade for the first time since early 2016.