S&P

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.

There’s not much difference in the criteria S&P Global uses to rate general obligation debt issued by cities and GO debt issued by states.

New Jersey lines up $400M sale with outlook boost

The rating agency called the commonwealth's proposed rainy day fund withdrawal moderate.

The commuter rail that runs between San Jose and San Francisco benefitted from a criteria revision on not-for-profit transportation infrastructure.

Conduit issuer Trust for Cultural Resources for the City of New York will issue the $77 million green transaction.

A majority of economists surveyed by SIFMA expect a swoosh-shaped recovery, while 20% saw a W-shaped recovery, with a double-dip decline.

The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.

The rating agency cited coronavirus-related curbs on economic activity in the commonwealth.

Lawmakers choose a scoop-and-toss move despite calls for better targeting of the federal funds.

S&P Global Ratings downgrades the Garden State's general obligation bonds one notch to BBB-plus from A-minus.

Credit rating agencies have done relatively few credit downgrades.

Associate Director, S&P Global Ratings

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.

S&P conducted its review of Assured Guaranty and views the firm's approach to writing business in current market conditions as well thought out and measured.

Build America Mutual's underwriting and risk-management guidelines have an insured portfolio that does not reflect the overall U.S. municipal market and may perform better in a stressful economic scenario, S&P said.

The $16 million, small-denomination offering, to finance projects with climate and environmental benefits. is modeled after World War II Series E bonds.

So far this year, the bond insurance industry is on a better pace than it was last year. As of May 9, both Assured Guaranty and Build America Mutual have accounted for $7.30 billion in 563 deals, up from the $5.99 billion spanning 490 transactions as of May 9, 2019.

The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.