The Idaho State Building Authority on Thursday will issue seven series
Fitch Ratings gave the issue an underlying A-plus, Standard & Poor's
Rentals, appropriated directly by state lawmakers, are the source of
"Tax-supported debt, amounting to approximately $230 million with this
MBIA Insurance Corp. is insuring all seven series. It has insured all
Seattle-Northwest Securities is the financial adviser. Skinner Fawcett
In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid."
"Normalized supply, a supportive rate environment and favorable technicals propelled the municipal market to the best October performance [in decades]," said Robert J. Lind.
Attorneys for the Archdiocese said it is "inevitable" bondholders will be hit with a cramdown.
Meanwhile, the Brightline West train project has floated a possible debt exchange ahead of its own mandatory redemption later this month.
Pennsylvania's budget impasse has surpassed four months. Local governments and schools that rely on state funds are getting frustrated.
Next week's issuance is slated to be "substantial" — an estimated $13.1 billion — although that is expected to be met with "solid" November reinvestment capital, J.P. Morgan strategists said.
