Hawaii

Andy DeVries of CreditSights is fairly optimistic about the eventual outcome for bondholders, though its tax-exempt paper has been trading at a discount.

The disaster in Hawaii highlights the increasing importance of Congress to act on the dwindling budget of FEMA's Disaster Relief Fund.

The investor-owned utility issues tax-exempt bonds through the Hawaii Department of Budget and Finance.

The coastal town of Lahaina is "gone," Hawaii Gov. Josh Green said during a press conference.

Sponsors say bill is a chance to have territories' needs addressed.

Hawaii and West Coast states are taking aim at helping the homeless in this year's budgets.

Government says it is unsure how it will be able to make debt and pension payments.

Typhoon Mawar's impact on the service area is the rating agency's biggest concern.

Although Hawaii lawmakers nixed his proposed tourist tax, Gov. Green points to positives.

Providing enough housing for middle class and homeless people has topped legislative agendas in three West Coast states and Hawaii this session.

The state's reliance on tourism makes airports essential to its economy, Fitch said.

The rating action affects $423 million in bonds and certificates of participation. The territory's issuer rating was affirmed at speculative-grade Ba1.

The ratings agency says enplanement levels is key to the action.

Airports, schools and affordable housing received an infusion of cash from lawmakers

"The curve slope has undergone a massive flattening this year and recent trends suggest demand pockets are developing in specific ranges," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.

"Despite a pick-up in volatility in the rates market, municipals have been performing relatively well in October," according to Barclays PLC.

Moody's says Hawaii's tourism-based economy is disproportionately vulnerable to high inflation. It affirmed the state at Aa2 ahead of a $800 million GO deal.

But governor and an analyst caution about appropriating "excess revenues" before an audit.

New-money volume was off in the Golden State and across the Far West, but refunding volume was down even more.

She expects $50 million more in revenues in fiscal 2023.