Finance

The primary market is winding down on Thursday, with municipal bond traders seeing the last large deals of the week price, led by well-known issuers from California and Massachusetts.

Rick Kolman has joined Academy Securities as a managing director.

The primary market is winding down on Thursday, with municipal bond traders waiting to see the University of California and the Massachusetts Water Resources Authority deals hit the screens.

Milwaukee takes competitive bids on $270 million of debt Thursday.

Ohio's Wright State University was dropped to Baa2 from A2 by Moody's Investors Service.

Municipal bonds ended stronger on Wednesday, traders said, as new issuance swept into the market and federal policy makers took no action on interest rates.

S&P Global Ratings said it has lowered its issuer credit rating (ICR) on the State of Wyoming to AA-plus from AAA, and lowered its associated school district guarantee program rating on Fremont County School District No. 1 to AA-plus from AAA.

Municipal bonds were stronger at mid-session, traders said, as they prepared for a second wave of new issuance to sweep into the market on Wednesday.

Fitch Ratings said it has downgraded Puerto Rico Aqueduct and Sewer Authority bonds to C from CC.

Louisiana’s GOP-led Legislature wants severe cuts to balance the state budget instead of state tax reform.

Continued financial stability was cited as Moody's upgraded Central Falls, R.I. to Ba1.

Municipal bonds were stronger in early activity as traders get set for a second wave of new issuance to sweep into the market on Wednesday.

New York University was upgraded by Moody’s Investors Service ahead of a $652 million deal.

Municipals finished mixed on Tuesday, traders said, as activity in the primary sector got underway. Several large deals hit the market, with offerings from issuers in Wisconsin, Kentucky and Texas leading the way.

The outlook on Mississippi’s AA S&P rating was revised to negative.

MetroHealth's ratings tumbled three notches to reflect its sizable new debt load.

Municipals were weaker at mid-session, traders said, as activity in the primary sector got underway. Several large deals kicked off the action, with offerings from issuers in Kentucky, Texas and Wisconsin leading the way.

Activity in the municipal bond primary sector will get underway on Tuesday with offerings from Wisconsin and Kentucky on tap. Traders will be keeping an eagle eye on yields, which have been rising.

Lawrence, Kan., introduced a new investor website to broaden the appeal of the college town's debt.

Municipal bonds finished weaker on Monday, traders said, as the market faces a moderately sized new issue calendar, which features some big offerings from various issuers.