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At BB-minus, the city remains three notches below investment grade. A changed rating methodology for priority-lien revenue debt also pushed $430 million of bonds to speculative grade.
February 7
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Consumer credit increased by $16.6 billion in December to $4.010 trillion, the Federal Reserve reported Thursday.
February 7
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Municipal bonds were stronger on Thursday as activity in the primary was winding down for the week.
February 7
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Initial claims for U.S. state unemployment benefits fell by 19,000 to 234,000 in the February 2 week, above expectations for a 221,000 level.
February 7
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As California announced its plans to fund infrastructure and cut its interest costs, Hawaii and the Los Angeles MTA tapped the primary market.
February 6
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Moody's Investors Service upgraded Newark to Baa2 from Baa3.
February 6
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The University of Michigan plans to sell $225 million of bonds that will include taxable and tax-exempt debt, with bonds structured with a put option in the mix.
February 6
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Indian River County will file an appeal as it continues fighting against private activity bond financing for the passenger rail project.
February 6
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California announced its big spring borrowing schedule as Hawaii and and the Los Angeles MTA came to market.
February 6
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The U.S. international trade gap narrowed to $49.3 billion in November from $55.7 billion in October, the Commerce Department reported Wednesday.
February 6
