Organization Root Tag

S&P raised Cleveland Clinic's rating by one notch as it prepares to price a $1 billion bond refunding.

Revenue volatility and bond-rating agency opinions can complicate states' rainy-day planning.

The reduction is slightly smaller than 6.9% cut in the current fiscal year that ends Sept. 30.

The Port Authority of New York and New Jersey and the Metropolitan Transportation Authority shook up their leadership as they battle to reverse deterioration in the region's transit systems.

Municipal bonds turned weaker at midday as the market looks ahead to next week’s healthy new issue calendar.

The state's lawmakers ended their squabble over the car-tax phaseout

The move, approved unanimously by the Board on Friday, sets up a conflict with the island's leaders.

"This is deeply troubling," treasurer Joe Torsella said of the commonwealth's revenue situation

The rating agency cited a liquidity boost from its sewer-system sale.

Little activity is expected in the municipal bond market ahead of next week’s new issue slate.

Wisconsin's Foxconn incentives package paves way for $252 million in highway borrowing and local government financing help.

With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.

A federal judge appointed an attorney to facilitate an agreement between Flint and the Michigan Department of Environmental Quality.

Texas enjoyed another strong month of growth in sales tax revenue in July, with the $2.56 billion total running 7.9% ahead of the same month last year.

Replacing LIBOR will raise economic and tax issues for many floating rate munis and swaps.

The University of Puerto Rico will seek to reduce its debt-service costs through a consensual agreement with its creditors as the commonwealth plans to cut the school’s appropriations by $3.5 billion through 2026.

Washington State is without a multi-billion dollar capital budget to allow debt issuance for public needs, in what the state treasurer says is a further reflection of how “new politics” is undermining the municipal market.

Illinois Gov. Bruce Rauner's veto of school aid legislation jeopardizes school funding and ratings, Fitch reports.

The Puerto Rico Oversight Board announced it was planning an investigation of the island’s public sector debt.

The New York State Financial Control Board on Wednesday said that New York City’s finances are in good shape and that the city’s doesn’t need a resumption of state control.