North Dakota

The issuers of the Midwest sold $41 billion of municipal bonds in the first half of 2016, spurred by increased new money issuance, according to Thomson Reuters data.

A $2 billion flood diversion project in North Dakota and Minnesota is the first P3 for the U.S. Army Corps of Engineers.

Oil price volatility continues to take a toll on bond ratings in Williston, North Dakota, where S & P Global Ratings lowered its rating on $44.5 million of public safety sales tax revenue bonds.

Williston, North Dakota’s sales tax debt took a six-notch downgrade to junk amid continued oil and price declines.

State budget conditions vary widely as of late fiscal 2016, with the overall picture getting better while states with less diversified economies face significant stress, Standard & Poor's said Wednesday.

While the key oil production states of Oklahoma, North Dakota and California have all been hit hard by the drop in crude oil prices, the impact varies at both the state and local government level, Moody’s Investors Service says.

The outlook on North Dakota's issuer credit rating was lowered to negative, as Moody's Investors Service took note of economic and budget struggles triggered by falling crude oil prices.

Severe declines in oil and gas prices that have damaged the economy Williston, N.D. led Moody’s Investors Service to downgrade the Bakken Shale city to speculative grade.

North Dakota lost its Standard & Poor's triple-A rating because of the impact of oil price volatility on the state's economy.

North Dakota will tap the state's the state's $572 million budget reserve to the tune of $497 million to help cover a $1 billion shortfall in revenue due to a drop in oil crude prices. The state also intends to implement across-the-board budget cuts.

West Fargo, N.D.'s general obligation and sales tax revenue credits were cut one level to A1 by Moody's Investors Service, which cited the city's growing debt load.

Alaska, North Dakota and Wyoming are the states most "in the crosshairs" as energy revenues look to remain low well into next year, Fitch Ratings said.

Griggs County, N.D. is suing its own building authority to get out of lease payments supporting a controversial bond deal that sparked a recall of the entire county board.

The oil and gas industry is pressing Congress to permit exports of crude as prices remain at the lowest since the 2008 global financial crisis. The campaign comes as Houston and other energy dependent credits face growing pain from the falling prices, according to Fitch Ratings.

Burleigh County, N.D., is gearing up for the issuance of $90 million of sales-tax backed bonds to finance a new jail.

John Hoeven, a Republican Senator and former governor of North Dakota, is keeping states' needs in mind with his bill to create Move America Bonds.

Tax revenue in the top oil producing states has fallen sharply, dropping by 40% in Texas, according to the U.S. Energy Information Administration.

Municipal bond borrowing by Midwestern issuers picked up steam last year, rising by 6.9% to $63.5 billion as issuers loosened the reins a bit on new money borrowing and refundings recorded double-digit gains thanks to favorable interest rates.

North Dakota will weather slumping oil prices and will continue to spend money on badly needed infrastructure in oil-producing counties, Gov. Jack Dalrymple said Tuesday in his state of the state address.

Williston, N.D., the small city located in the heart of the state's oil boom, can't keep up with the massive infrastructure and operating demands tied to the boom, Moody's Investors Service warned Friday.