Southwest

Summit Utilities Oklahoma used reserve funds to help cover an Oct. 1 payment on taxable bonds sold in 2022 through the Oklahoma Development Finance Authority.

The city of La Marque is taking steps to stabilize its shaky finances after a short-lived debt service payment default and a bond rating downgrade.

Tripp Kaiser, a managing director at Municipal Market Analytics, will become executive director of the Center on Municipal Capital Markets in January.

The rating agency pointed to potential financial pressure from tax and other changes on the federal level for the state's outlook revision.

The Fayetteville City Council will decide in October whether to put bonds backed by an extension of a one-cent sales tax on the March 2026 ballot.

The outlook revision to negative for the Texas Biomedical Research Institute cited weakened liquidity and reliance on federal grants, the rating agency said.

Two triple-A bond deals from the Lone Star State to finance water-related projects are scheduled to price this week in the municipal market.

Doña Ana County taxable industrial revenue bonds, which will be sold to participants in the project, will enable the project to access a variety of tax breaks.

Fitch cited the system's operating performance and plans for up to $4.2 billion in addional debt.

Bondholders are pitted against each other in the case, where it looks like the majority holders may become owners of the distressed companies.