Finance

Municipal market volume is set to rise to a nine week high, as issuers tap into growing demand for the securities.

Albany N.Y. was revised to stable from negative by S&P Global Ratings.

Moody’s Investors Service placed an Indiana school district on review for upgrade after the state changed its school credit enhancement program.

Atlanta closed Thursday on its $226.2 million water and wastewater refunding.

Municipal bonds were steady on Friday ahead of next week’s hefty new issue slate. Ipreo estimates volume for next week at $9.36 billion, up from a revised $4.89 billion sold this week, according to updated data from Thomson Reuters.

Assured Guaranty Ltd., the biggest municipal bond insurer, reported gains in first-quarter profit, boosted by the acquisition of MBIA UK Insurance Limited.

The municipal bond market is putting this week into the history books as traders look ahead to next week’s supply.

The primary market wound down as the last large deals of the week priced, led by well-known issuers from California and Massachusetts.

Gov. Jim Justice called West Virginia lawmakers into special session to “fix the budget crisis.”

Hawaii received a Fitch Ratings outlook boost to positive ahead of an $856 million bond sale.

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.