News and Information from Bond Buyer

Tuesday, February 28 Issuer St Description Amount

Tuesday, February 28 Issuer St Description Amount

Week Of February 27 Issuer St Description Amount

ILLINOIS

CALIFORNIA

Government

Despite the U.S. Attorney General’s reversal of plans to end use of private, for-profit prisons, the bonds used to finance the facilities still bear the risk of abrupt policy changes, according to S&P Global Ratings.

Kansas Gov. Sam Brownback’s veto of a bill that would have increased income taxes leaves the state still struggling to balance its budget, according to Moody’s Investors Service.

Chicago-based Pugh Jones & Johnson PC has hired veteran municipal attorney Brendan Cournane to round out its public finance team, a move the firm believes will further boost its evolution from a firm in the second seat to a player among lead bond counsel firms.

The number of those working in offices in New York City hit a record 1.5 million in 2016, New York State Comptroller Thomas DiNapoli said in a report released Monday.

Credit concerns are mounting over the financial stability of Toshiba Co., parent of the company building partly municipal bond-financed nuclear units in South Carolina and Georgia.

Ridership on the bond-supported Bay Area Rapid Transit system in Northern California is stagnating, leading to a need for financial changes.

Top-rated municipal bonds finished mostly weaker on Monday, according to traders, ahead of this week’s $4.3 billion new issue calendar.

Some analysts see an opportunity in hospital bonds, as the spreads in that sector have continued to widen even as the push to repeal the Affordable Care Act loses steam.

Finding the federal funding needed for major infrastructure renewal requires teamwork, Transportation Secretary Elaine Chao said.

Building Trump’s wall on the Mexico border could raise costs for other projects in the border region by impacting material and labor prices.

Nassau County, N.Y.’s decision to speed up a commitment to stop borrowing to pay taxpayer refunds is a credit positive, according to Moody’s Investors Service.

Puerto Rico Electric Power Authority bondholders face greater uncertainty after the utility’s contract with the firm leading its restructuring efforts expired, Moody’s Investors Service said in a report Monday.

Resignations by nearly all of the leadership at the University of Puerto Rico in protest to budget cuts have heightened S&P Global Ratings’ concerns over the school’s debt challenges.