News and Information from Bond Buyer

The state's momentum with rating agencies continued when Fitch elevated its special tax obligation bonds to AA-minus.

It could take the nation, heavily influenced by New York and California, 18 months to return to full employment, Fitch Ratings said.

A reported preliminary 25.8% drop in May issuance shows how strong fund inflows, improving credit and the reopening of governments are keeping the muni market issuer friendly.

The Detroit Financial Review Commission votes in June on a fourth one-year waiver that allows the city to manage its finances independently.

The Board will address several of Puerto Rico's authorities' fiscal plans and will have an update about PREPA's transition of its systems to the private operator, LUMA Energy.

The $304.5 billion highway section might pave the way for further bipartisan agreement on a wide-ranging infrastructure package.

Cruise ship ports in the U.S. may see some light at the end of the tunnel after more than a year without any departures because of the COVID-19 pandemic.

Robert Clarke Brown has joined the Board of Directors for the remainder of the fiscal year.

Rhode Island Health and Educational Building Corp. is marketing the $127 million issuance as social bonds.

Triple-A municipal benchmark yield curves were bumped one to two basis points, lagging a four basis point rally in U.S. Treasuries after weaker consumer sentiment and dovish comments from Fed officials moved equities lower.

California Gov. Gavin Newsom and President Biden outlined separate plans Monday to increase spending to prepare for natural disasters.

Michigan officials raised revenue estimates by $2 billion this year and $1.5 billion in fiscal 2022 as the state economy beats early pandemic expectations.

The overhauled funding stream would allow the IRS to fairly enforce the tax code, modernize its IT systems, and improve taxpayer services, according to the bill's sponsor.

While Jacques Jiha cited improved outlooks to stable from Moody's and S&P, skeptics warned of inadequate use of federal aid and lingering outyear budget gaps.

AmeriVet Securities appointed Mercedes Elias and Michael Naidrich as Co-CEOs.

Eli Dvorkin of the Center for an Urban Future suggests how New York City can save millions by improving its capital construction process. He also examines the city's tech growth. Paul Burton hosts. (23 minutes)

Illinois public universities reap rewards of federal aid and state rating stabilization.

Municipals saw little activity on Monday as the market prepped for the bulk of the week's $7B primary calendar arriving Tuesday and Wednesday.

Low interest rates, looming CalPERS amortization changes and pandemic-related budget hits were cited as factors in the record year for California POB deals.

Gov. Bryan vetos bill that would have brought in a turnaround company to determine WAPA's status.