Standard & Poor's Ratings Services said it lowered its long-term rating to A-plus from AA-minus on Rosholt School District, Wis.' general obligation debt.
The outlook is stable.
"The lowered rating is based on our view that the district's late debt service interest payment in October 2015 reflects a material oversight by district management," said Standard & Poor's credit analyst Kathryn Clayton.
Munis got a bit oversold on Thursday, SWBC's Chris Brigati said. Next week's lighter calendar and FOMC meeting should help stabilize the market.
KeyBanc Capital Markets will price for the Ohio Water Development Authority $160.1 million of water development revenue and revenue refunding bonds on Tuesday.
"We look forward to receiving stakeholder comments, which will inform our proposal and next steps in modernizing this important segment of the municipal securities market," MSRB's Ernesto Lanza said.
The new rules governing low-income housing tax credits and private are already affecting the development of affordable housing.
The company has completed construction contract negotiations, which a bondholder said provides cost certainty and allows the company to focus on raising full financing.
The incoming Bond Buyer Hall of Famer combined legal training, investment banking and financial advisory experience to solve complex financings — and used that range to help develop the industry's next generation.
