Standard & Poor's Ratings Services said it raised its long-term rating by one notch to A from A-minus on Oneida Special School District, Tenn.'s general obligation debt outstanding.
The outlook is stable.
"The raised rating is based on our view of the improvement in the district's financial position and wealth levels," said Standard & Poor's credit analyst Lauren Spalten.
Cyberattacks increasingly threaten cash-strapped communities in the Midwest, with threat actors using artificial intelligence to turbocharge their campaigns.
The Metropolitan Transportation Authority chair and CEO says changes are needed to state and federal laws and the MTA's financial structure.
The recent short-end correction stems from last week's Fed rate hike, said Ron Banaszek, co-head of public finance and lead underwriter at Blaylock Van.
The city's inability to get approval for bonds that would fund operating expenses has forced the mayor to propose deep budget cuts for the coming fiscal year.
A finance committee vote teed up a debate by the full Chicago City Council Wednesday on whether to require more aldermen votes for new borrowing.
In an unusually competitive election season in the GOP dominated Lone Star State, candidate platforms include moves that could impact state and local finances.
