State of Hawaii

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.

Munis rallied all along the curve Thursday, with long end yields down by as much as four basis points.

Fitch Ratings lowered its outlook on Hawaii's AA-plus rating to negative from stable, following a similar action by Moody's earlier this month.

With coronavirus decimating the state's dominant industry of tourism, Moody's dropped Hawaii's rating outlook to negative.

Tourism represents 17% of Hawaii's economy.

Fitch Ratings raised Hawaii to AA-plus from AA.

Hawaii moves ahead on plans to construct a new college football stadium amid concerns about declining attendance at college games.

The municipal bond market took a breather on Thursday as the last of the week’s larger deals came and went.

Southwest Airlines' decision to enter the Hawaii market helped spur a positive outlook from Moody's.

Lawmakers are weighing legislation that would authorize $100 million of special purpose revenue bonds to build and operate the plant.

As California announced its plans to fund infrastructure and cut its interest costs, Hawaii and the Los Angeles MTA tapped the primary market.

California announced its big spring borrowing schedule as Hawaii and and the Los Angeles MTA came to market.

Washington state and Hawaii kicked off action in the primary market on Tuesday.

Washington state highlighted primary market action with the sale of $640 million of general obligation bonds.

The municipal bond market is in good shape ahead of this week’s $7.2 billion new issue slate.

Municipal bonds were mostly stronger at midday ahead of the week's attractively sized new issue slate.

Attention in the municipal bond market turns westward as some of the week's biggest deals will be coming from Hawaii, Washington state and the Los Angeles County Metropolitan Transportation Authority. Buyers will see the biggest issuance week of the year as $7.2 billion of deals will hit the screens.

Municipal primary volume will surge to $7.2 billion in the week of Feb. 4 from a revised total of $3.8 billion the previous week.

Ipreo forecasts weekly bond volume will surge to $7.2 billion from a revised total of $3.8 billion this week.

The Hawaii finance team doesn’t expect the market’s volatility to hamper buyer interest.