Massachusetts

S&P Global Ratings has lowered its ratings on the Commonwealth of Massachusetts' approximately $22 billion of parity general obligation (GO) bonds outstanding to 'AA' from 'AA+' and its rating on Boston Housing Authority housing project bonds,

The pension fund for Boston-area transit workers needs roughly $1 billion over 18 years, an official said.

Sonia Toledo will head a new specialty area focusing on state, city and county general finance at Frasca & Associates. Toledo joins Frasca from Wells Fargo Securities where she worked for the past seven years.

Administrative costs for locally run Massachusetts pension systems average at least three times those of state-run systems, a report says.

Citing good management with "strong" financial policies and practices, a major agency recently reaffirmed the city's AAA bond rating, which lets Newburyport buy bonds at lower interest rates.

Municipal bonds ended stronger on Thursday as the last big deals of the week hit the muni market, led by the institutional pricings of the large Massachusetts and California offerings.

Cambridge raised $2 million through a sale of community-sourced minibonds, which the city and its underwriter say could further a trend in the municipal bond marketplace.

Massachusetts intends to hold three negotiated bond sales through June totaling nearly $1.3 billion, state Treasury officials tell investors.

Massachusetts intends to hold three negotiated bond sales through June totaling nearly $1.3 billion, state Treasury officials tell investors.

Massachusetts local, regional and agency public pension systems should transfer their assets to the state-run PRIM board, said a Pioneer Institute report.