Finance

Fitch Ratings dropped the state one notch to AA.

Refundings on the calendar for the week ahead spurred speculation that issuers may rush deals to market before they are banned by the GOP tax plan.

The largest municipal bond insurer said third-quarter net income fell 57% due to an increase in loss reserves for Puerto Rico hurricane damage.

Top-shelf municipal bonds were stronger on Friday around midday, as market participants were still going over the details of the GOP tax reform bill.

A commission would examine transferring capital assets to a trust and building asset values to benefit pension plans.

The municipal bond market is still chewing over the details of the GOP tax reform bill, and considering its implications.

Market participants reacted negatively to the proposal in the tax reform bill to eliminate advanced refundings and private activity bonds, saying it would crimp volume and the savings issuers can get when rates fall. In the primary, strong demand met a Virginia issuer's $737 million PAB.

Strong legal and structural protections earned the debt top grades from Kroll and Fitch. S&P wasn't as bullish.

The referendum asks voters in Mecklenburg County, N.C.’s to approve bonds for schools.

Moody's cited the city's reliance on nonrecurring revenues.

Moody’s Investors Service moved the outlook to negative in advance of a $40 million revenue bond sale.

Municipals and Treasuries were stronger around midday, with the GOP releasing some details of its tax bill and ahead of President Trump’s expected nomination of Jerome Powell as Fed chair.

Municipal bond prices rose as the week's biggest issue is scheduled to price.

Royal Oak Township had been under the agreement since 2014.

A handful of issuers took advantage of low activity Wednesday as the market anticipated the decision to keep the benchmark fed funds rate unchanged.

Moody's Investors Service also cited a structural deficit.

The loan is the sixth approved for the district in 2017.

The primary municipal bond market saw a few deals trickle in on Wednesday, as the Federal Open Market Committee's announcement regarding interest rates nears.

The primary municipal bond market will see a handful of deals price Wednesday, as it waits for the Federal Open Market Committee to make an announcement regarding interest rates.

The Massachusetts Development Finance Agency and Phoenix Civic Improvement Corp., were among issuers taking advantage of steady yields ahead of the FOMC meeting and Trump's nomination for Fed chair.