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With a general obligation bond deal in the works, Illinois can tout Moody's upgrade to A1 of the state's issuer, GO and Build Illinois sales tax bond ratings.
A proposed constitutional amendment allowing the legislature to determine how local revenue lost due to property tax exemptions is reimbursed was defeated.
"SIFMA applauds the MSRB's forward-thinking efforts to modernize its rules," its comment letter said.
Accelerating deals does not cause undue strain on the underwriters, said Ron Banaszek, co-head of public finance and lead underwriter at Blaylock Van.
Under Dalton's leadership, the boutique firm became a prominent voice in the municipal market.