The European Central Bank announced its Governing Council held interest rates at current levels at its latest monetary policy meeting yesterday. The minimum bid rate on variable-rate refinancing operations remained 1.00%, the marginal lending rate stayed at 1.75%, and the deposit rate — the floor for euro money market rates — was left at 0.25%.
Munis are beginning to see headwinds and mixed technicals as a strong summer winds down, according to Municipal Market Analytics' Kevin McGuigan.
The ratings agency cited strong financial metrics and affordable utility rates.
The draft RBP "updates and augments" an RBP on LSTs released in 2000, the NFMA said.
The Metropolitan Washington Airports Authority voted to move forward with plans for a $20 billion makeover of Dulles Airport, clarifying how the project will be financed.
The Oklahoma audit uncovered "complex financial schemes" allegedly by a former Tulsa Public Schools administrator that involved $3.73 million in bond proceeds.
"I actually think that this was a difficult case for the SEC enforcement division to bring, a close call, on the facts," attorney Andrew Kintzinger said.
