Finance

Moody's Investors Service dropped Beloit College's rating two notches to Ba1 from Baa2.

Illinois came to market on Wednesday with over $900 million of bonds while Texas sold a massive note deal in the competitive arena.

Two of three sales in Connecticut’s recent bond offering set record retail orders, said state Treasurer Denise Nappier, while spreads continued to drop.

Municipal bond buyers saw some new offerings come to market on Tuesday, led by a Denver city and county deal.

Multiple constitutional claims, including racial gerrymandering, are cited in lawsuits filed by the city of Stockbridge and Capital One Public Funding.

Volume was off in eight of the region's 11 states in the wake of tax reform and the end of advance refundings.

Municipal bonds were firm and little changed on Tuesday as new issue supply started to price.

One of Baird's new bankers expands its presence in the Chicago region.

Moody's Investors Service raised the county to Aaa from Aa1.

Trading was muted after last week’s bounty of bond sales, as the market looked ahead to this week’s larger deals, including a $920 million Illinois financing.

Bond volume in the region fell sharply in the first half of 2018, though one expert saw the 16% drop as better than anticipated.

A typical quiet summer Monday unfolded, with trading activity muted as the market reflected on last week’s bountiful volume and looked ahead with anticipation to some this week’s larger deals, including the $920 million Illinois financing, muni traders said.

The final rules will focus on debt obligations on a similar level as bonds, an effort to respond to comments that the first proposal was too broad.

Moody's lowered the South Carolina-owned public utility’s bond rating to A2, and its bank bond rating to A3.

Municipalities had less need for borrowing to bridge gaps in cash flow and therefore curtailed their issuance of notes

Texas headlines the week's slate as it prepares for a mammoth note sale while Massachusetts prepares large short-term sales of its own.

An estimated $69.1 billion of the $139 billion is already committed through a combination of insurance claims and federal disaster aid.

The State Bond Commission barred the banks from upcoming Garvee bond deals, and said its action may apply to other state bond issues.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

The cut has dropped from 6.6% in fiscal 2018 and 6.9% in fiscal 2017. The initial sequestration cut in fiscal 2013 was 8.7%.