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Week Of July 11 Issuer St Description Amount

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Puerto Rico Gov. Alejandro García Padilla said on Tuesday that Puerto Rico’s struggle with its recent fiscal crisis may be an example for larger states and municipalities that have financial struggles they must deal with in the future.

The Puerto Rico Aqueduct and Sewer Authority’s risk for default has risen along with that of the commonwealth, according to S&P Global Ratings.

The private operator of partially bond-financed rail-freight transfer facility would provide most of the funding for a new toll bridge under a public-private agreement struck with Illinois.

Top-quality municipal bonds finished weaker on Tuesday, traders said, with yields rising by as much as six basis points as more new issue supply hit the market.

South Dakota can now claim three top-level credit ratings after Moody’s Investors Service assigned an initial issuer credit rating of Aaa.

The long-term principal and interest payment schedule for Chicago's general obligation debt swelled by about $1.7 billion last year, according to the city's comprehensive annual financial report.

S&P Global Ratings said it lowered its ratings on Puerto Rico Aqueduct & Sewer Authority's (PRASA) series 2008 and 2012 senior-lien revenue bonds two notches to CC from CCC-minus.

Austin, Texas, City Council adopts mayor’s proposal for a GO bond referendum on his $720 million Go Big transportation plan.

LOS ANGELES - The U.S. territories of Guam and the U.S. Virgin Islands won't get a ratings change after the Puerto Rico Oversight, Management, and Economic Stability Act was signed into law, S&P Global Ratings said this week.

Leaders at the Boston and St. Louis Federal Reserve Banks joined Richmond, Cleveland, San Francisco and Kansas City in calling for a discount rate hike at their most recent meeting, according to minutes released Tuesday.

The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 1 5/8% coupon at a 1.516% high yield, a price of 100.991052.

Federal Chapter 9 policy is ill-defined and fluid, a bankruptcy expert said at a municipal finance conference at the Brookings Institution in Washington.

Top-quality municipal bonds were weaker at mid-session, traders said, as more supply hit the market.

In the past 3½ years, the Securities and Exchange Commission has asserted its enforcement role considerably, in what can fairly be described as a form of direct regulation of issuers.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.290% high yield, a price of 99.977444.

While the Yankees' and Mets' ballparks received upgrades of late, Yankee Stadium is a stronger credit than Citi Field, said Moody's.