Standard & Poor's Ratings Service said it has raised its rating on the city of Miami Beach, Fla.'s $64.8 million series 2015 parking revenue refunding bonds to A-plus from A.
The outlook is stable.
"The upgrade reflects our view of the city's strong historical and pro forma financial performance and expected stable demand of what we consider a diverse parking system," said Standard & Poor's credit analyst Anita Pancholy.
Munis got a bit oversold on Thursday, SWBC's Chris Brigati said. Next week's lighter calendar and FOMC meeting should help stabilize the market.
KeyBanc Capital Markets will price for the Ohio Water Development Authority $160.1 million of water development revenue and revenue refunding bonds on Tuesday.
"We look forward to receiving stakeholder comments, which will inform our proposal and next steps in modernizing this important segment of the municipal securities market," MSRB's Ernesto Lanza said.
The new rules governing low-income housing tax credits and private are already affecting the development of affordable housing.
The company has completed construction contract negotiations, which a bondholder said provides cost certainty and allows the company to focus on raising full financing.
The incoming Bond Buyer Hall of Famer combined legal training, investment banking and financial advisory experience to solve complex financings — and used that range to help develop the industry's next generation.
