Markets

Both S&P Global Ratings and Fitch Ratings dropped the New York suburban county to AA-plus from AAA.

The state plans to price $190 million of general obligation highway capital improvement bonds.

The lame duck session of Congress that convened this week may include passage of a tax bill released Monday night by Rep. Kevin Brady, R-Texas, the outgoing chairman of the House Ways and Means Committee.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

The municipal market saw the first issuance of the week come trickling in as it was finding its footing ahead of a flood of issuance in the next few days.

A junk-rated $112 million deal without state backing will test the market's perceptions of the city's recovery from its Chapter 9 bankruptcy.

Texas service sector activity “grew at a faster pace in November.”

The consumer confidence index decreased to 135.7 in November from an unrevised 137.9 last month.

Leslie Bloom joins as a senior vice president with a Solano Beach office.

Back from the holiday break, the muni market and its investors are ready and waiting for what should be a busy week, with big, well-known names coming to market with sizable issues.