Pennsylvania

The $200 million bond deal prices next week. The Jesuit school absorbed the nearby University of the Sciences earlier this year.

Triple-A curves were a touch firmer in spots as secondary trading took a backseat to the larger primary activity with Connecticut and Massachusetts pricing general obligation bonds, a large CommonSpirit healthcare and several competitive issues led by Rhode Island GOs.

The Investment Company Institute reported $2.527 billion of outflows from muni bond mutual funds in the week ending Aug. 31 compared to $765 million of outflows the previous week.

The Northeast's issuers sold $49.69 billion of municipal bonds in the first half of 2022, down more than 18% year-over-year.

The new law kills tolling for the Major Bridge program but allows the P3 contract to remain in place.

The condition of infrastructure projects should be included in bond pricing metrics as many infrastructure assets around the country have turned into liabilities.

Fitch Ratings said the upgrade reflects the city's improved operating performance due to a robust tax revenue rebound and management's proactive budgetary actions.

Hosting a World Cup game brings a variety of economic benefits to cities and counties, from increased spending by fans and tourists from around the world to burnishing a region's reputation.

The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.

The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.

Using a surplus to build reserve levels was key for the outlook change, the rating agency said.

After dropping dramatically with the onset of the COVID-19 pandemic in 2020, energy severance tax revenue is soaring along with oil and gas prices.

The twice-annual call for unsolicited proposals is part of what the state dubs one of the most ambitious P3 transportation programs in the country.

Even deals that go bankrupt can be seen as successes in the U.S. P3 market, which may face an "inflection point" with the new infrastructure law.

Fitch also affirmed the city’s AA-minus general obligation bond and issuer default ratings.

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.

Despite competitive and demographic headwinds, Villanova's strong academic reputation as a selective private university will support student demand, Moody’s said.

“We are working hard to secure the city’s financial health now and for future generations,” said Scranton Mayor Paige Cognetti.

"We're going to fix them all," President Biden said of the 45,000 bridges across the U.S. he said need repairs.

The investment could repair 15,000 bridges across the country and requires states to set aside at least 15% for local bridges.