Finance

Local, county and state officials said they took initial steps Wednesday in what will become a much larger contingent of elected officials who will jawbone their federal counterparts with testimonials about the cost savings attributable to advance refundings.

Racine County's short-term rating from Moody's dropped to MIG2 at it returns to the market for another note deal.

The situation could deteriorate because of an aging workforce and modest population growth, according to Moody's.

The municipal bond market welcomed Pennsylvania’s big competitive sale and the Grand Parkway negotiated deal from Texas on Wednesday.

Strategies range from flexible pricing structures with taxable and tax-exempt bonds to public-private partnerships.

Twenty-two states have not issued any bonds to boost the amount of money available from their clean or drinking water state revolving funds, according to the National Resources Defense Council.

As a wave of new municipal bond deals swept into the market, munis weakened in secondary action.

The district is promoting structural protections and fiscal gains as it prepares to go to market with a $260 million refunding.

The commonwealth expects to come to market Wednesday with a competitive issuance.

Bills that stripped territory from Stockbridge without apportioning its debt are credit negative for Georgia local governments and could impose higher borrowing costs.

Municipal bonds turned weaker on Tuesday as a wave of deals swept into the market.

Healthcare giant Catholic Health Initiatives now has a stable outlook on its Baa1 rating from Moody's Investors Service.

Raising its $15 million borrowing cap on local projects would smooth Minneapolis' borrowing process on more expensive projects.

Using bond proceeds to fund a Jobs program would be illegal, says Barbara Parker, Oakland's city attorney.

Municipal bonds were mixed on Monday as buyers awaited the almost $10 billion of supply set to hit the market this week.

The Illinois pension intercept law could pose rating strain but also force funding discipline over long term, according to S&P Global Ratings.

Municipal bond buyers are eagerly awaiting the biggest new issue calendar of the year, as almost $10 billion of supply is slated to hit the market this week.

Fitch Ratings shifted its outlook to negatibve on the city's A-minus issuer rating.

The municipal bond market is gearing up for the biggest volume week of the year, with issuers estimated to bring just under $10 billion of new paper.

The district remains deeply in speculative-grade territory even after the two-notch upgrade.