News and Information from Bond Buyer

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Rural governments continue to lose economic ground, according to a Moody's Investors Service report.

The Municipal Securities Rulemaking Board named Gary Hall as its next chair and Edward Sisk to become vice chair. It also temporarily cut fees to reduce excess reserves by $2.6 million.

Redemption demand should continue to surface this week even with the arrival of new issuance, municipal sources said.

School districts, higher education institutions and healthcare providers could feel the pinch, according to Eric Kim of Fitch Ratings.

It’s a big week for Puerto Rico with court action taking place on the island and Congressional hearings being held in D.C.

Existing home sales fell 0.6% to a seasonally adjusted 5.38 million-unit rate in June.

The Chicago Fed National Activity Index for June reversed to positive 0.43 from a downwardly revised negative 0.45 in May.

The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.

New York issues again dominate as the bond calendar dips to $5.3 billion in the new week.

The measure was the latest in a series of proposals that have been shot down because of divisions between county leaders.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

June's unemployment rate was the lowest monthly rate since at least 1975.

More than 100,000 residents are enrolled in the 529 program.

Trustee UMB bank claimed the bond counsel's negligence prevented bondholders from achieving adequate recovery in bankruptcy.

Public-purpose need has become an important marker for green bond deals as the market evolves.

Municipal bond volume will dip to a more average 2018 level next week.

RBC is adding to its team even as smaller underwriting spreads have driven some players to reduce staff.

MSRB is seeking comments on a revised set of potential draft amendments to its rules on primary offering practices and related disclosures that it says would benefit the market for relatively limited costs to participants.

The Federal Open Market Committee needs to be cautious on monetary policy or the yield curve could invert, Federal Reserve Bank of St. Louis President James Bullard said.