News and Information from Bond Buyer

The drop in tourism amid the coronavirus pandemic has resulted in a downgrade of Hawaii's ratings by Moody’s Investors Service affecting $9 billion in outstanding debt ahead of the state’s plans to price $900 million of taxable bonds Wednesday.

House Speaker Nicholas Mattiello has filed bills calling for a referendum on boosting the state's reserve balance to 10% of annual general revenue over a decade.

As the Metropolitan Transportation Authority lines up two note sales, the rating agency said the authority could tap into the Federal Reserve’s Municipal Liquidity Facility.

Kathy Wylde, president of the Partnership for New York City, charts a path for restarting the city's economy, including a digital buildup and public-private partnerships. Paul Burton hosts.

UMB's appeal of a lower court decision siding with Platte County over its legal obligation to honor an appropriation pledge is being heard Wednesday

Municipal bonds were little changed on Monday ahead of this week's new-issue calendar.

James Tricolli is out at RBC while Bob Spangler takes the helm and the firm looks to grow.

Minnesota’s projection of a $2.4 billion gap in the current budget cycle remains on target, but another $4.7 billion gap looms in the next two-year budget as the toll mounts for the COVID-19-induced economic shutdown and recession. The state plans to sell $1.2 billion of GOs next week.

Florida and Georgia have spent tens of millions of dollars in litigation over water rights in the case before the U.S. Supreme Court.

Bondholders, financial cooperatives and a Puerto Rico legislator offered different lines of attack on an 18-month-old bond deal.

The ISM manufacturing index hit a 16-month high, but construction spending unexpectedly fell in June.

The bill would allow the U.S. Department of Transportation’s Maritime Administration to provide emergency relief grants to ports for the first time in response to the pandemic.

Dealing with a pandemic in an economy hard hit by falling oil prices, Ector County Hospital District sees an opportunity to lower debt finance costs.

With convention and hotel taxes plummeting, Lexington is financing up to three years of debt service to avoid default and backing the deal with a GO pledge.

The rating agency affirmed the U.S. at AAA but said the outlook cut reflects ongoing deterioration in U.S. public finances.

The pandemic has had a tremendous impact on the global and US economies, household incomes, and consumer spending. The world's most valuable financial services firm is ready to share insight around the global and US effects of COVID-19.

Municipal bonds finished out the month on a strong note, with yields dropping by as much as two basis points on Friday.

This year's social and economic upheaval due to the pandemic and protests against racism is also impacting hiring and recruitment at banks. Hear what companies are doing to change employment practices in response to these crises.

Municipal issuers continue to swarm the muni market with taxable muni deals, as July accounted for $42.6 billion — the highest total for the month since at least 1986.

The letter, which includes signatures by 42 Republicans, requests an enhancement to the 4% Low-Income Tax Credit.