Standard & Poor's has assigned a rating of AA to the Virginia Resources
Proceeds from the bonds, which will mature out to 2019, will be used to
The VRA also issues bonds to purchase local government general
Standard & Poor's affirmed its AA rating on the VRA's moral obligation
The "risk to the tax exemption appears to have dropped sharply as of last week ... taking with it the hypothetical risk of a supply surge ahead of any end-date for borrowers' exemption access," said Matt Fabian, a partner at Municipal Market Analytics.
Congress needs to lift limitations on tax-exempt private activity bonds, say transportation advocates.
The Phoenix-based university will not have to pay a $37.7 million fine after the U.S. Department of Education dropped its case.
Chicago is "diligently preparing" to sell debt, now that the bond market has mostly recovered from April's turmoil, Chief Financial Officer Jill Jaworski said.
The forum's annual awards went to Joseph A. Branca of BofA Securities, Jim Reynolds of Loop Capital Markets and Sarah K. Sanders, Connecticut deputy treasurer.
The Municipal Forum of New York presented three awards to industry leaders and veterans at its annual awards and leadership fellows fundraising dinner.
