A quote from Municipal Market Advisors’ Matt Fabian in a story about auction-rate bonds yesterday mischaracterized the parties that historically have bought up bonds to prevent a failed auction. The broker-dealers have played this role in the past by buying bonds in an auction that appears likely either to fail or to reset at unreasonably higher yields.
New York issuers lead a $9 billion slate.
Some local governments have begun formal assessments about whether electric services to their communities should be municipalized or whether their existing franchise agreements can be updated in their favor.
The negative outlook affects about $1.1 billion in combined GO and lease revenue debt, according to Fitch.
The Harris School of Public Policy is launching a new course, "Careers in Municipal Finance," designed to grow the public finance talent pipeline.
The Public Service Commission said it will reconsider rates at its August meeting.
The comprehensive federal tax bill President Trump signed July 4 is credit negative for universities, Moody's Ratings said.
