Standard & Poor’s raised the issuer credit rating on Floresville, Tex., Independent School District’s general obligation debt to A from BBB-plus. The outlook is stable. Standard & Poor’s also affirmed the district’s AAA program rating with a stable outlook, in line with the Texas Permanent School Fund’s guarantee.
The muni market has rebounded from the technical pressures of the first half of last year — a result of surging issuance — said John Miller, head and CIO of First Eagle's municipal credit team.
The city's Department of Water and Power, which saw spreads widen after last year's deadly wildfires, upsized a revenue bond deal amid strong investor interest.
Metro is considering a public-private partnership to deliver what is its largest project to date.
Bond advocates are watching the appropriations process while the possibilities of a Farm Bill and surface transportation reauthorization may offer openings for restoring advance refunding and raising the BQ cap.
Chicago general obligation bond prices have dropped sharply since the start of the year, according to the Center for Municipal Finance's muni indices.
The top two municipal bond insurers wrapped over $41.828 billion in 2025, up from $41.166 billion in 2024, data shows.
