News and Information from Bond Buyer

S&P Global Ratings says Detroit's Local Development Finance Authority's collections haven't been enough to cover debt service payments on subordinate bonds issued in 1997.

Issuers say a variety of factors make it difficult to get audits in any faster.

Municipal bond issuance was not much changed from the start of 2018, marking the second year in a row volume got off to a slow start.

Trade reporting and supervisory failures were behind FINRA's action against the New York-based firm.

The Hawaii finance team doesn’t expect the market’s volatility to hamper buyer interest.

Improved financial conditions bolstered by additional state aid drove cash-strapped Jamestown, New York back to investment grade following years of budget deficits.

The New York Metropolitan Transportation Authority sold over $1 billion of securities Thursday.

Ronnie Lowenstein, director of the Independent Budget Office, weighs the city's fiscal picture against the backdrop of economic and Washington uncertainty. Chip Barnett and Paul Burton host.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

The electronic survey at the Bond Buyer's National Outlook Conference also found little expectation that the federal government will make a difference on infrastructure.

Munis spent most of the day in a defensive stance as the Fed met to decide the course of monetary policy.

The initial public offering will raise up to $540 million to expand Florida's passenger train system and acquire the Las Vegas XpressWest project.

The Center for Retirement Research said the situation is worth monitoring closely because optimistic return expectations could yield required contributions that are ultimately inadequate to meet benefit obligations.

Monetary policy is “appropriate” and in the range of the estimates of neutral, Federal Reserve Board Chair Jerome Powell said Wednesday.

Benjamin Johnson joined Ballard Spahr in Minneapolis as a partner.

Fresh off claiming the top municipal bond volume ranking in 2018, the Dormitory Authority of the State of New York is targeting another milestone year that expands its infrastructure reach.

The MTA, amid political debate over funding and control, intends to sell $500 million of transportation revenue bonds and $750 million of BANs.

The Federal Open Market Committee is set to announce its decision on interest rates this afternoon.

The Chapter 11 filing creates uncertainty for the state and localities where the utility operates.

Rep. John Cortes wants new requirements for community development districts that purchase property and better disclosure for homeowners.