State and local issuers should expect cuts in transit and rail projects over the short term, transportation advocates said.
The incoming Bond Buyer Hall of Famer has paired creative banking with relentless execution and client focus across four decades — from pioneering a new muni sector to transforming Jefferies into a market leader.
S&P upgraded Illinois' general obligation bonds to A from A-minus, citing a track record of capable fiscal management. This follows a Moody's upgrade a week earlier.
Rating analysts are tracking the potential departure of the DuPage Water Commission, the largest wholesale customer of Chicago's water enterprise.
The muni selloff is likely to continue if UST yields stay elevated, according to SWBC's Chris Brigati.
"We are going to continue to grow strategically where we feel we can add value to our clients," said Beth Coolidge, Oppenheimer's head of public finance.
