| Week Of September 29 | |||||||||||||
| Issuer | St | Description | Amount ($000s) | Lead Manager | Financial Adviser | Insurer | Mdy's | S & P | Fitch | First Appeared | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Riverside County | CA | Rev (Tax) | 1,000 | Stifel Nicolaus | C.M. de Crinis | --- | MIG1 | --- | --- | Sep 25 | |||
| Riverside County | CA | Rev | 101,000 | Stifel Nicolaus | C.M. de Crinis | --- | MIG1 | --- | --- | Sep 25 | |||
| Madison LSD -Lake Co | OH | Energy | 1,455 | Stifel Nicolaus | --- | --- | --- | --- | --- | Sep 26 | |||
Ahead of a refinancing next week and a new money deal next month, Chicago's spreads have widened, suggesting the market may be pricing in a downgrade, analysts said.
Moody's Ratings said the downgrade "reflects a weakening of the county's financial position."
The RSA and bankruptcy would "significantly deleverage Brightline's balance sheet and greatly improve liquidity," the company said.
The veto means California won't have a new vehicle to fund large-scale infrastructure. Newsom also killed a bill to unwind pension reforms.
Muni yields are succumbing to a "domino effect," said Kim Olsan, portfolio manager at NewSquare Capital.
A three judge panel upheld a lower court rejection of the bondholders' suit against Puerto Rico's central government.
