Markets

The system is seeking about $7.7 million of past due contributions and loans.

BHSH brings almost $1.5 billion of bonds to refund Beaumont's debt and raise some new money. The new system keeps Spectrum's higher legacy ratings.

Another swing in U.S. Treasury market pushes muni to UST ratios out long even cheaper.

Fitch affirmed the Los Angeles-area airport's A rating and raised its outlook to stable though a $1 billion terminal project stalled during the pandemic.

After a four-year absence, Utah’s Intermountain Power Agency returns to the municipal market with nearly $552 million of power supply revenue bonds.

Columbus is offering $423 million to municipal bond investors in a mix of new money, refunding, tax-exempt and taxable debt.

The new-issue calendar tops $9 billion led by $3 billion taxable and tax-exempts from University of California Regents, a $1 billion plus healthcare deal from Michigan and $1.35 billion of GOs from Washington State.

Fitch and S&P have now joined Moody’s in downgrading the Renton, Washington-based healthcare system’s $6 billion of bonds.

Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $3.548 billion of outflows, down from $4.106 billion of outflows in the previous week.

Moody's lifted Illinois one notch to Baa1, marking the state's third rating upgrade over the last year and first since lawmakers passed a state budget.