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BDA wants the he Fed to consider a standby, short-term lending facility for states and localities experiencing cash flow timing shortfalls.

The Garden State is extending its 2020 fiscal year calendar by three months in an effort to fully gauge economic fallout from the ongoing COVID-19 pandemic.

The rating agency echoed others in citing the New York transportation system's hard fall since the coronavirus outbreak.

Federal Reserve Bank of Cleveland President Loretta Mester said U.S. unemployment could rise as high as 15% as the U.S. forcibly shuts down important parts of its economy to help contain the coronavirus pandemic.

Forced selling continues and credit spreads are widening as much as 200 basis points in spots making for a large bid-ask disconnect in the market.

The Puerto Rico Oversight Board had asked for the postponement, citing the impact of COVID-19 and its possible financial impact on PREPA.

The Louisiana State Bond Commission authorized four bond issues, and was updated on market volatility created by the COVID-19 pandemic.

Early official estimates of current fiscal year revenue drops include $353 million in Arkansas, $396 million in Colorado, $219 in Oklahoma and $224 million in Vermont.

Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.

Most of the disclosures tracked since the beginning of the year were filed in March, the MSRB said.

Unprecedented historic times require use of all collective knowledge. Van Hesser, chief strategist, and William Cox, senior managing director of corporate and government ratings at Kroll, maintain the mission of a rating agency does not change at times like this. However, there is a continuous effort to raise the bar on all they do. John Hallacy hosts.

The rating agency expects a 'sudden and severe decline in the city's sales and income taxes' as a hit to the city's budget and economy from the coronavirus crisis.

Coronavirus-led fears are leading investors, particularly retail, to cash once again amid uncertainty surrounding how much and what maturities of municipal bonds the Fed will purchase once its program begins.

Federal Reserve Bank of Boston President Eric Rosengren said the roll-out of a new lending program for small-and-medium-sized U.S. companies may still be “another couple” of weeks away.

Lawmakers missed a March 31 deadline to pass an on-time fiscal 2021 spending plan and officials said that the finalized budget might have $10 billion less in state funding to account for expected losses in tax revenues.

Ron DeSantis says he won’t trim or sign the 2021 state budget yet, but on Wednesday issued a statewide order limiting movement to essential services.

In a letter, three issuer groups made specific recommendations to the Federal Reserve and Treasury.

To help state and local governments after the COVID-19 pandemic, Cumberland Advisors is proposing a new municipal security.

The agency placed its ratings on the MTA’s Triborough Bridge and Tunnel Authority general revenue bonds and subordinate revenue bonds on watch-downgrade.

Moody’s revised its outlook on the NCAA's Aa2 rating to negative from stable, an action that impacts less than $10 million of debt.