Markets

The 12-month investment gains of Rhode Island's pension fund topped $1 billion, state General Treasurer Seth Magaziner announced.

Heightened concern about a potential Westinghouse bankruptcy filing resulted in negative outlooks on municipal bonds issued for new nuclear units the company is building in Georgia and South Carolina.

Moody’s Investors Service retained a negative outlook on Catholic Health Initiatives $5.7 billion of rated debt after lowering the healthcare giant to Baa1 from A3. The downgrade comes less than a month after a similar move by S&P Global Ratings.

A pension reform group took issue with a University of California report that argues that fully funding pensions may be a "misguided" goal.

Foreign investors increased holdings of municipal bonds by 16% last year, according to report released by Van Eck on Tuesday.

The National Collegiate Athletic Association’s 8-year extension of its lucrative broadcast agreement with two major broadcasting networks wasn’t enough to stave off a downgrade.

In the week ended March 16, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 4.34% from 4.32%.

Long-term structural balance in New Jersey remains elusive thanks to continued deferral of full funding for future retirement obligations, said S&P.

New Jersey’s financial stress is influencing investors, as reflected in recent trading levels.

The sovereign powers and strong general obligation repayment statute supporting Illinois’ investment-grade ratings are being tested by budget gridlock and what one analyst describes as approaching “service level insolvency.”