The portion of bond counsel business handled by the top 10 municipal bond counsel firms increased in 2020 compared to 2019. In 2020 the top 10 firms handled 43.1% of all bond counsel business by par value counseled, compared to 40.6% in 2019
While Orrick Herrington & Sutclffe remained in the lead, the second and third bond counsel firms were new this year. McCall Parkhurst & Horton was in second place and Norton Rose Fulbright came in third.
Gov. Josh Stein wants to retain control over the majority of appointments to the North Carolina Utilities Commission.
Lawmakers are putting the final touches on the budget, and Gov. Kathy Hochul said there is broad agreement. Federal cuts may yet scramble everything.
"For munis, a strong jobs report should reverse recent credit spread widening, while a weak jobs report should keep credit spreads around current levels," said BofA strategists.
As cutting the federal budget resonates as a central theme in the Trump administration, the Department of Transportation is getting a boost in appropriation proposals.
The ratings agency changed its outlook on its BBB-minus rating to negative from stable Wednesday.
Part of the problem is lack of reimbursement from insurance companies, said the owner of one proton center.
