Organization Root Tag

There are plenty of taxable deals on the upcoming week’s new-issue calendar while several large deals from issuers in New York will be in the spotlight after Moody's downgrades.

Moody's followed S&P in issuing a shot across the bow on coronavirus-driven threats to Illinois' ratings that are one cut away from junk.

The Fixed Income Market Structure Advisory Committee will discuss the impacts of the pandemic on the muni market amid growing uncertainty.

Some see promise in the endeavor while others are skeptical about Mayor Bill de Blasio's initiative.

Bond analysts and budget watchdogs say the move underscores the need for the de Blasio administration to look within for efficiencies, even if it receives more federal or state help.

The rating agency lowered GO and other credits, citing the effects of the coronavirus.

The board is searching the entire government and may find a far higher losses.

Along with substantial reductions in payouts to the GO and PBA bondholders, the board is proposing a near wipe out for HTA, ERS, PRIFA rum, MBA, and CCDA bondholders.

Over the last four years, Moody’s and S&P Global have both acquired climate data analysis firms in an effort to provide more depth to the environmental portion of the ESG ratings.

The low interest rates that resulted from COVID-19 caused high levels of muni issuance and market activity, resulting in MSRB's fiscal year 2021 revenue significantly outperforming.

The U.S. economy should continue to recover from the coronavirus-induced recession even if Congress puts off consideration of additional fiscal stimulus to 2021, Federal Reserve Bank of St. Louis President James Bullard said.

New revenue from a graduated tax without an accompanying long-term plan to tackle the state's fiscal woes won't solve them, the Civic Committee of the Commercial Club of Chicago warns.

The Puerto Rico Housing Finance Authority’s deal came in three times oversubscribed and was an important step in the Commonwealth’s return to the capital markets.

Federal Reserve Bank of Dallas President Robert Kaplan said the central bank has been clear to investors and businesses on where the benchmark policy rate will be over the next few years.

The U.S. labor market is slowing after an initial strong rebound from the coronavirus-induced downturn and policymakers will be challenged to engineer a full recovery in employment, Federal Reserve Bank of Richmond President Thomas Barkin said.

Nationally, there are around 7,500 charter schools in 44 states in addition to the District of Columbia, according to the National Alliance for Public Charter Schools.

Market participants say the year long process to find a new leader for the Municipal Securities Rulemaing Board resulted in a good pick.

In a federal complaint, they accuse the fund manager of increasing risky bets while the market was imploding from the coronavirus pandemic.

New Jersey's $32.7 billion budget for its shortened nine-month fiscal 2021 includes the state's largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus.

“What purpose do reserves serve if we don't utilize them in times when you have a problem?” one alderman asked.