Infrastructure

KBRA upgraded the long-term rating on the state's special tax obligation transportation infrastructure purposes bonds to AAA with stable outlook from AA-plus ahead of the deal, slated for the week of Oct. 16.

Photos from The Bond Buyer's 2023 Infrastructure conference.

Photos from The Bond Buyer's 2023 Infrastructure conference.

The two-day meeting in Atlanta kicked off what the mayors say will be a regular meeting to promote more public-private partnerships for infrastructure projects.

At stake is nearly $800 million in Federal Transit Administration funds.

"I am excited to lead the team through what will be an exciting period of growth in public finance," Anjali Sharma said.

The upgrade was spurred by improving ridership as well as increased financial flexibility, said S&P credit analyst Joseph Pezzimenti.

The Bond Buyer's Keeley Webster talks ratings, fare integration and potential solutions to the Bay Area Regional Transit's current challenges with Bryant Jenkins, a managing principal with Sperry Capital. (34 minutes)

Fitch Ratings replaced its negative watch with the negative outlook, citing the lack of clarity around contractor claims of cost overruns.

Spartanburg, South Carolina inked a $425 million deal that will build a single-A baseball stadium and surrounding residential and commercial development.