NEW YORK - Standard & Poor's Ratings Services said it revised its rating outlook on Richmond Redevelopment and Housing Authority (Chippenham Place Apartments), Va.'s Section 8 assisted multifamily mortgage bonds series 1979 to stable from developing.
The outlook revision reflects Standard & Poor's receipt of information that the property has not been sold as anticipated.
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.
