Due to an editing error, yesterday’s Trends in the Region story about Dallas Area Rapid Transit misattributed a quote. The quote that began “One example could be that some crossings at grade now need to be elevated crossings” should have been attributed to a cost estimator that has worked with DART.
"Municipal outperformance against taxable sectors has moved short-term ratios on or through their 252-day moving averages, while intermediate and long maturities are holding at or above average ranges," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
New Jersey's Toms River school district was downgraded two notches by S&P after refusing to adopt a budget and discussing bankruptcy.
The U.S. territory is struggling with debt and pension liabilities as its economy remains weak and federal aid is cut back.
Isaak Bond Investments has agreed to pay a $20,000 fine to settle allegations brought by the Financial Industry Regulatory Authority.
Moody's has downwardly revised the outlook for Baltimore's issuer rating and several classes of bonds due to a trend of declining fund balance levels in a city dependent on a major international shipping port.
Michigan's Great Lakes Water Authority went to market in June with roughly a billion dollars of bonds, part of a complex transaction that included a tender.
