News and Information from Bond Buyer

Chicago-based Roosevelt University’s rating was dropped further into junk territory over its ongoing enrollment struggles that haven’t been helped by the state budget impasse.

Flint and its utility customers are on the verge of losing water credits that offered more than $40 million in payment relief and help in covering city water payments at it recovered from it water contamination crisis.

Top-rated municipal bonds finished stronger Thursday, traders said, after new issuance evaporated and yields see-sawed ahead of a holiday-shortened week.

A member of the Puerto Rico House of Representatives asked U.S. Attorney General Jeff Sessions to change a planned referendum on Puerto Rico’s status.

Elected officials must persuade motorists of the value of interstate highway tolling, according to new Fitch report.

What does the muni market have in store for us in 2017 after a record breaking year issuance-wise in 2016? Kevin Dunphy, managing director and head of public finance for Mitsubishi UFJ Financial Group, talks about the overall outlook for the muni market, what he sees for issuance in 2017, and addresses shrinking underwriter spreads and what, if anything, can be done to increase those margins. Hosted by Aaron Weitzman.

Far West issuers sold $90.7 billion of municipal bonds in 2016, a 8.5% increase over the prior year.

The Louisiana State Bond Commission approved a smaller-than-planned general obligation borrowing Thursday that will save the cash-strapped state’s general fund about $3 million.

S&P Global Ratings said it raised its long-term rating and underlying rating to AA-plus from AA on Clark County, Nev.'s existing general obligation bonds.

IIlinois Gov. Bruce Rauner’s proposed fiscal 2018 budget banks additional tax revenue from the so-called “grand bargain” to fund $37.3 billion of spending.

The Treasury Department Thursday sold $7 billion of inflation-indexed 30-year bonds at a 0.923% yield, an adjusted price of 98.760665, with a 7/8% coupon.

Top-rated municipal bonds were stronger at mid-session, according to traders, as the market wound down the week leaving participants to watch yields as new issuance evaporated ahead of a holiday-shortened week.

The Treasury Department said it will auction $13 billion one-year 11-month 0.140% floating rate notes on Feb. 22.

The Treasury Department said Thursday it will sell $35 billion of four-week discount bills Tuesday.

The Treasury Department said Thursday it will auction $34 billion 91-day bills and $28 billion 182-day discount bills Tuesday.

The Treasury Department said it will auction $28 billion seven-year notes on Feb. 23.

The municipal bond market was winding down the week a day early as participants on Thursday were left watching yields rise as issuance evaporated ahead of a holiday-shortened week.

Rising fixed costs and declining revenue will make balancing Connecticut Gov. Dannel Malloy's proposed $40.6 billion biennial budget a chore, said S&P.

Atlantic City's tax settlement with the Borgata Hotel should help the distressed city move forward to deal with its other fiscal challenges, analysts said.

The Government Finance Officers Association’s executive board has approved a series of new and revised best practices that make recommendations to issuers about refundings, investing their public funds, and procuring financial services.