Southwest

Moody's Investors Service dimmed its outlook on Houston's Aa2 general obligation rating to negative citing concerns about the city's pension obligations.

San Antonio's CPS Energy, one of the largest and most highly rated public utilities in the nation, will lower its interest costs with a $315.7 million revenue bond refunding.

A legal battle over use of a gate at Love Field will delay $110 million of revenue bonds for an urgently needed parking garage at the Dallas airport.

The Texas Transportation Commission has approved $239 million for projects covered by Proposition 1, a constitutional amendment passed by voters in 2014.

Dallas Independent School District voters could see up to $1.5 billion of bonds on their November ballot under a plan submitted for consideration June 25.

Arizona is looking to reduce interest costs with $168 million of refunding certificates of participation on the heels of recent credit upgrades in an improving economy.

Midwestern University is making private loans to students in partnership with the Glendale Industrial Development Authority and the Illinois Finance Authority, which are coming to market with a total of $30 million of bonds that will fund additional lending.

Three years after entering investment banking in earnest, Frost Bank is building relationships with Texas issuers, including hometown clients like the San Antonio Independent School District.

Moody’s Investors Service maintained a negative outlook after downgrading Polk County, Texas, to A2 from A1. Analysts cite the county’s dependence on oil and gas and loss of revenue from a private jail that defaulted on its debt.

A new Texas law that increases contributions to the state employees’ pension plan will add support to the Lone Star State’s triple-A credit rating, according to Moody’s Investors Service.