News and Information from Bond Buyer

The Federal Open Market Committee held rates at 0.75% to 1%, with no dissents, while offering no clues as to what the June meeting holds.

A court-ordered delay in Maryland’s Purple Line rail line could imperil the project, according to advocates.

S&P Global Ratings said it has lowered its issuer credit rating (ICR) on the State of Wyoming to AA-plus from AAA, and lowered its associated school district guarantee program rating on Fremont County School District No. 1 to AA-plus from AAA.

Trump's trade actions and State Department cuts could rattle California-Asia business alliances.

The Oversight Board filed the petition with U.S. District Court in Puerto Rico.

Municipal bonds were stronger at mid-session, traders said, as they prepared for a second wave of new issuance to sweep into the market on Wednesday.

Fitch Ratings said it has downgraded Puerto Rico Aqueduct and Sewer Authority bonds to C from CC.

Louisiana’s GOP-led Legislature wants severe cuts to balance the state budget instead of state tax reform.

Puerto Rico Gov. Ricardo Rosselló said Wednesday morning that the start of a Title III bankruptcy process for Puerto Rico was imminent.

About 4,613,600 online job postings appeared on leading internet job boards in April, a decrease of 26,100 from March, the Conference Board reported Wednesday.

The U.S. services sector expanded in April as the non-manufacturing business activity composite index was 57.5 in the month, compared to 55.2 in March, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

The Senate has approved President Trump's nominee, Jay Clayton, to become the next SEC chair.

Continued financial stability was cited as Moody's upgraded Central Falls, R.I. to Ba1.

Municipal bonds were stronger in early activity as traders get set for a second wave of new issuance to sweep into the market on Wednesday.

Private-sector employment increased by 177,000 in April, on a seasonally adjusted basis, ADP estimated Wednesday.

The House Financial Services Committee will hold votes on the CHOICE Act starting Wednesday morning.

Legislators and others urged Puerto Rico to pursue a court-organized debt restructuring.

New York University was upgraded by Moody’s Investors Service ahead of a $652 million deal.

Municipals finished mixed on Tuesday, traders said, as activity in the primary sector got underway. Several large deals hit the market, with offerings from issuers in Wisconsin, Kentucky and Texas leading the way.

Puerto Rico’s fiscal and debt crisis moved into a new phase marked by riots, active lawsuits, and biting political attacks.