Finance

S&P Global Raings dropped Verity Health System to CC.

The disclosure of some variable-rate demand obligation information on EMMA shouldn't be used to dismiss a lawsuit alleging fraud in VRDO remarketing,lawyers for the plaintiff told an Illinois court.

Munis were weaker as the market waited for the week’s supply and Larry Kudlow, the president’s assistant on economic policy, discounted the risk of a recession.

Raymond James plans to enhance its standing in Texas public school finance with the addition of Curtil Culwell, who was superintendent of three different school districts.

The municipal bond market is ready and waiting for the biggest sale of the week on Tuesday, but retail investors got the first shot Monday.

Officials said the deal was undertaken to simplify the Valley Transportation Authority's debt portfolio.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

Municipal bond traders will see a healthy new issue calendar hit the market next week.

House Republicans want to make permanent the $10,000 cap on state and local tax deductions and the lower tax rates for individuals, both of which are due to expire at the end of 2025.

This week’s trading volume indicates there will be robust demand for municipal bonds, Morgan Stanley Wealth Management says.

The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

The report found that 61% of the 341 finance officers who participated in the survey anticipate negative future impacts on their city's financial health from the termination of advance refundings, while 35% said they already have seen negative impacts.

Municipal bonds were little changed on Thursday as a big sale out of Nevada hit the screens.

New York Gov. Andrew Cuomo sent letters to the Internal Revenue Service and to Treasury's Inspector General for Tax Administration threatening litigation and and asking for a probe of alleged undue political interference.

S&P boosted the outlook on New Mexico's AA rating to stable from negative.

Municipal CUSIP requests surged in August, an indication of rising supply in the near-term.

Municipals remained weaker on Wednesday as the market saw several new issues sell in the primary, led by deals from North and South Carolina.

The Platte County Industrial Development Authority bonds funded upgrades to a suburban shopping center near Kansas City.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.