Philadelphia Authority for Industrial Development

• Primary bond market

  Lipper suffers outflows for the first time in 60 weeks

  The world remains on edge about the rapidly spreading COVID-19 and those fears once again have Treasury yields digging down even deeper. COVID-19 fears have now impacted fund flows, as municipals suffers outflows for the first time in 60 weeks.

  By Aaron Weitzman

  March 5

  
• Bankruptcy

  Bond debt cited as Jewish history museum files for bankruptcy

  The National Museum of American Jewish History in Philadelphia filed for Chapter 11 this week, burdened by debt sold to construct its building.

  By Andrew Coen

  March 3

  
• Higher education bonds

  Downgrade for La Salle University amid enrollment struggle

  Fitch Ratings cut the Philadelphia-based Catholic university to BBB-minus, with a negative outlook.

  By Andrew Coen

  November 13

  
• Primary bond market

  Municipal supply keeps on coming as yields turn higher

  Los Angeles and Broward County deals were offered while some say the municipal market feels "heavy" and in retreat.

  By Chip Barnett

  September 11

  
• Higher education bonds

  Enrollment, tuition pressure bring downgrade to University of the Sciences

  Moody's Investors Service lowered the Philadelphia-based university to Baa1.

  By Andrew Coen

  March 1

  
• Infrastructure

  Legal win on soda tax advances Philadelphia bond plans

  A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.

  By Andrew Coen

  July 24

  
• Primary bond market

  Muni bonds finish flat as last of week’s big deals hit the market

  Municipal bonds finished flat on Wednesday as traders saw the last of this week’s big deals hit the screens.

  By Chip Barnett

  May 24