S&P Global Ratings said it has downgraded the commonwealth of Puerto Rico's general obligation secured debt to D (default) from CC following the commonwealth's default on debt service due July 1.
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Budgets for Houston, Austin, Dallas, and Fort Worth come amid credit quality improvements and calls from Gov. Greg Abbott to rein in local government spending.
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The bonds and notes will be used to build a Mobile River Bridge for Interstate 10 and do some work on the Bayway.
3h ago -
In a 5-6 vote, the city council rejected the mayor's proposal to place $489 million of revenue bonds for a professional basketball arena on the Nov. 3 ballot.
August 17 -
Lighter market activity is customary for a Monday, SWBC's Chris Brigati said, especially as issuers prepare to price $15 billion.
August 17 -
The inspector general warned in a report that the California bullet project could run out of money for construction by December 2027.
August 17 -
Box Elder School District's general obligation rating was cut to A1 from Aa2 ahead of a certificates of participation sale this week.
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