Markets

The ratings agency cited improved operating performance.

The fund plans to liquidate remaining assets, although a class-action lawsuit may delay final distributions.

Investors added $1.029 billion to municipal bond mutual funds in the week ended Wednesday, following $1.269 billion of inflows the prior week, according to LSEG Lipper data. This is the seventh time in eight weeks that inflows have topped $1 billion.

S&P revised its outlook to negative on San Juan Cruise Port LLC's BBB-minus rated bonds.

Findings from The Bond Buyer's 2026 Predictions Report show tax shakeups and political uncertainty pose major challenges to public finance.

Fitch Ratings released a draft of climate vulnerability in rating criteria for public finance issuers that earned a thumbs-up from Municipal Market Analytics.

KBRA and Fitch Ratings downgraded Chicago's general obligation bonds to BBB-plus from A-minus on Wednesday, and both kept their rating outlooks at negative.

There is a positive view of the muni market in the long-term due to a mix of attractive tax-adjusted yields and a generally favorable credit backdrop, said Cooper Howard, director of fixed income research and strategy at Charles Schwab.

The Trump administration filed the lawsuit Tuesday ahead of UC Regents plans to price $1.93 billion in revenue bonds.

While broader economic risks remain, market dynamics are being driven by supply, demand and income generation, rather than macro headlines, said Pat Haskell, head of the municipal bond group at BlackRock.