News and Information from Bond Buyer

As the crisis in Puerto Rico continues to drag on, Paul Kwiatkowski, managing director at Kroll Bond Rating Agency discusses the differences between municipal and corporate creditors in bankruptcies and how we can look back at Detroit for clues on how things might turn out. Hosted by Aaron Weitzman.

The project, linking the island's west side to past downtown Honolulu on the island's leeward side, was once expected to be completed in 2019.

Top-quality municipal bonds were stronger at mid-session, traders said, as more deals came to market.

The Federal Reserve’s balance sheet will be reduced substantially, but not to the $1 billion level from before the financial crisis, Federal Reserve Board Chair Janet Yellen said.

The Treasury Department said Thursday it will auction $39 billion 91-day bills and $33 billion 182-day discount bills Monday.

Municipal bond traders are set to see more deals head their way on Thursday as the market will see the last big sales of the week hit the screens.

The end of a two-year old budget impasse led S&P to affirm Illinois and assign a stable outlook.

The MSRB said it may add to its guidance in the future and will hold a seminar with dealers.

Top-rated municipal bonds finished stronger on Wednesday as a large deal from a New York and New Jersey issuer hit the screens while a deal from a Chicago issuer was postponed until next week.

Texas state revenue figures point to a steadily improving economy

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

The organizational session set the stage to address disputes in a restructuring of $47.5 billion of Puerto Rico’s debt.

A merger between Philadelphia University and Thomas Jefferson University will have no immediate credit impact , according to Moody’s Investors Service.

SEC chair Jay Clayton wants to ensure the fixed income market is efficient and transparent.

While working on two bond sales and finalizing a new budget, Cook County, Ill. is eyeing layoffs.

The city council wants more time to decide on Flint's long term water plan.

The California cap-and-trade program generates funds for infrastructure programs.

S&P Global Ratings said it affirmed its BBB-minus rating on Illinois' general obligation bonds, and the BB-plus ratings on the state's appropriation-backed debt, which includes Chicago's outstanding motor fuel tax (MFT) revenue bonds.

Loosening restrictions on low-interest TIFIA loans would increase program's use.

Unwinding the Federal Reserve’s balance sheet should start “sooner rather than later,” Federal Reserve Bank of Kansas City President Esther George said Wednesday.