Hawaii

Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.

Fitch analysts cited improved financial metrics, a full recovery on enplanements and great clarity on its capital program.

Hawaii's budget director told a state Senate committee the costs to house people are coming in double what was estimated.

The authority is one of the few investment-grade U.S. issuers actively selling triple-tax-exempt paper.

"I think we are starting toward higher volume," said Raul Amezcua, senior director at Samuel A. Ramirez & Co.

The ratings agency cited federal support and military spending on the island as keys to its decision.

Infrastructure, housing and recovery efforts from the deadly Maui wildfires in August were a focal point of Hawaii Gov. Josh Green's State of the State speech.

The top five bond financings have an average dollar volume of more than $917 million.

Some general fund spending will be shifted to bonds to help the state meet priorities like housing and healthcare, Hawaii Gov. Josh Green announced.

The governor said the budget would needlessly wipe out a rainy-day fund.