Markets

Puerto Rico will likely need to fund government operations using sales-tax revenue claimed by warring factions of bondholders unless a legal dispute at the heart of the island’s bankruptcy is resolved by November.

Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.

Municipal market participants are eagerly awaiting the new issue slate to start rolling, as issuance is expected to be around the weekly average.

The New York City Transitional Finance Authority plans to sell about $850 million of tax-exempt fixed rate bonds on Wednesday, June 21, after a two-day retail order period.

S&P Global Ratings has lowered its ratings on the Commonwealth of Massachusetts' approximately $22 billion of parity general obligation (GO) bonds outstanding to 'AA' from 'AA+' and its rating on Boston Housing Authority housing project bonds,

Demand for municipals in the primary market should stay strong as volume is set to remain close to the yearly per-week average.

Municipal market buyers aren't waiting for the rating agencies -- they're already trading Illinois paper at junk bond levels.

The Duncan Public School district approved the low bid from BancFirst for $7,645,000.00 for the sale of the school bond at a special meeting on Tuesday afternoon.

The Garden City Commission on Tuesday approved a request for a one-year extension to Garden City's STAR bond project. If approved, the measure would mark the project's second extension.