NEW YORK -
The downgrades were triggered after the ratings agency lowered the
The primary market and municipal synthetic ratings for which Morgan
A spokesman for Merrill declined to comment, while a spokeswoman for
Three primary market ratings were affected by Morgan Stanley's
About 219 securities were affected with the downgrade of Morgan
In the list of Merrill Lynch secondary market synthetic ratings that
The list also includes a $169.67 million put floating option tax-exempt
The archdiocese allegedly backed away from repeated promises bond parties would be paid in full, they said.
With one full week of June left and the end of the second quarter approaching, the week was "a sort of Groundhog Day for municipal yields," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
After a special legislative session, Missouri Gov. Mike Kehoe signed legislation authorizing state-backed bonds for stadiums to keep teams in Missouri.
The proposal would effectively cancel part of a rule change that had not yet become effective.
Kelly Hancock resigned his state senate seat and assumed a position that will make him acting comptroller after current Comptroller Glenn Hegar leaves office.
The Internal Revenue Service and the University of Rhode Island appear to have settled an inquiry by the agency regarding the tax status of higher education facility revenue bonds issued in 2018.
