Southwest

The rating agency's previous review of the Texas city resulted in downgrades in December over increased credit risk due to water supply woes.

Photos from The Bond Buyer's Texas Public Finance conference.

The city faces the loss of $110 million in Texas public safety grants while a $174 million deficit is projected for its current general fund budget.

The veteran underwriter said he's excited about joining a smaller, more focused firm, where he can once again expand its competitive bidding capabilities.

A temporary injunction issued Monday blocks the removal of minority- and women-owned firms from the state's Historically Underutilized Businesses program.

The $1.18 billion revenue bond issue will commence long-term financing for a $5.5 billion expansion program at Austin-Bergstrom International Airport.

The Texas city is facing a potential level 1 emergency, indicating the water system is 180 days from supply not meeting demand.

The state Supreme Court's decision did not address the 2022 law's governmental contract ban for businesses deemed to be "boycotting" the fossil fuel industry.

The city and United Airlines are navigating geopolitical volatility looking for an opportunity to sell the debt.

The state's latest water plan outlines $174 billion of capital water needs over the next 50 years. "The era of cheaper water is over," said one state water official.