Markets

Persistent enrollment declines at Daemen College led Fitch Ratings to assign a negative outlook to the western New York school.

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

Former Hilltop Securities bankers Chris Allen and Gabriella Briceno have joined RBC Capital Markets in Houston where they will seek to grow RBC's financial advisory business.

The municipal bond market on Tuesday was treated to variety of new issues.

The role of SLGS has been significantly diminished by the termination of advance refundings on Jan. 1, 2018, under the Tax Cuts and Jobs Act, with the amount of SLGS outstanding declining more than 49%.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

With the economy strong, Federal Reserve Bank of Philadelphia President Patrick Harker said interest rates should be held for now.

The Massachusetts Port Authority expects to price $461 million of revenue bonds through a negotiated sale primarily to accommodate growth at New England's largest airport.

Just under $7 billion of new-issue supply is on tap in the municipal primary market this week.

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.