S&P

Increased use of third-party vendors by transportation issuers may be putting those entities at increased risk.

Elected officials in Republican-dominated states say S&P Global Ratings, by introducing ESG analysis, is politicizing the ratings process or even possibly acting illegally.

An influx of federal funds contributed to the stable outlook.

Public finance issuers are taking an increased interest in the applications of blockchain and distributed ledger technology, and it is entering the market in multiple ways.

Joanie said she likes public finance because “you get to do the financial side while still having a lot of interaction with clients.”

Ridership displacement, remote work and online shopping amplify pre-pandemic challenges such as large capital plans.

Analyst John Kenward and public finance commercial manager Kathy Evers retired this spring.

The rating agency elevated its outlook to stable on the state’s general obligation bonds and various state-entity revenue bonds.

While Jacques Jiha cited improved outlooks to stable from Moody's and S&P, skeptics warned of inadequate use of federal aid and lingering outyear budget gaps.

Three upgrades in two days and four in six weeks mark the state's first bond-rating upgrades in 20 years.