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The Puerto Rico Aqueduct and Sewer Authority will delay payments on loans and renegotiate loan agreement terms under U.S. state revolving fund and rural development programs, according to two forbearance agreements detailed in an event notice posted on EMMA on Wednesday.
July 6 -
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Municipal bonds strengthened on Wednesday as yields on top-rated securities fell to at or near record low levels. In government bonds, U.S. Treasuries turned around in late activity to trade weaker, as yields moved off record lows set on the previous day.
July 6
- Texas
Kroll Bond Ratings Agency conferred a fourth triple-A rating on Texas general obligation debt as KBRA added its fifth state client.
July 6
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Bank of America Merrill Lynch stormed back in the second quarter to rank first among municipal underwriters for the first half of 2016, increasing its par amount and market share from a year earlier.
July 6
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The federal judge presiding over a Securities and Exchange Commission case charging the city of Miami and its former budget director with securities fraud concluded in a July 5 order that the bulk of the case could not be decided before trial
July 6 - New York
New York States bond calendar for the third quarter contains nearly $5 billion more in issuance than a year earlier, state comptroller Thomas DiNapoli said.
July 6
- Illinois
CHICAGO Illinois is asking underwriters vying for future senior manager work for advice on how best to capitalize on stopgap budget legislation that allows for the issuance of as much as $2 billion of refunding debt.
July 6
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Federal FASTLANE grants totaling $800 million go to 18 road and rail projects aimed at easing congestion.
July 6
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Federal Reserve officials wanted to have more information before raising rates, and also see what happened with the Brexit vote, according to minutes of the Federal Open Market Committee meeting June 14-15.
July 6 -
Fitch Ratings put the debt of the U.S. Virgin Islands and Guam on ratings watch negative Wednesday.
July 6 -
The plaintiffs want the court to declare Puerto Ricos Moratorium Act to be illegal and unconstitutional.
July 6 -
Municipal bonds strengthened on Wednesday as yields on top-rated securities fell to record low levels on an intraday basis.
July 6 -
City of Atlanta and Metropolitan Atlanta Rapid Transit Authority leaders will use the months ahead to persuade voters to support two half-cent sales tax increases for major transportation improvements.
July 6
- Texas
Texas saw its June sales tax revenue dip 0.8% as a weak oil and gas sector continued to hobble growth, state Comptroller Glenn Hegar said.
July 6
