News and Information from Bond Buyer

The museum is borrowing through the tax-exempt market for the first time to finance is ongoing transformation plans.

There is no deadline for local governments or states to spend the money, with much it expected to be put to use quickly.

Fitch Ratings downgraded Anaheim's bonds on Friday, as the governor announced amusement parks and stadiums could open April 1.

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months.

The Electric Reliability Council of Texas and CPS Energy, the public utility of the city of San Antonio, were downgraded after the cold weather power crisis.

U.S. Deputy Transportation Secretary nominee and former New York City official Polly Trottenberg called it 'a project of national significance.'

The legislation penalizes school districts who don't resume in-person instruction for some younger students and those most disadvantaged by online learning.

With the reset in yields in the rear view, valuations — especially relative to Treasury — will likely support continued robust demand.

Possible withdrawal of bond insurer support and the opposition of the local government to pension cuts are the biggest hurdles to the plan.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019, picking up the pace in the second quarter after a hiccup in March when the coronavirus first put society on pause.

The broker-dealer found a way to give clients a virtual pat on the back while donating money to hunger relief efforts.

Among over 1,200 dealers registered with the MSRB, 21 firms are bank dealers who would be impacted by the change.

Limited-size audiences are returning to live events in New York. Shutdowns from the coronavirus have hit the sports, arts and entertainment industries hard.

Jacqueline Dunn had held the interim position since last September.

Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.

Illinois' pension crater reaches more than $300 billion under Moody's formula.

A new GFOA advisory said the International Swaps and Derivatives Association has developed “more robust fallback language to specify the rate to be used upon a Libor cessation.”

An appeals court ruled that PRIFA and HTA issuers do not have to pay debt service during the Puerto Rico bankruptcy.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019.