News and Information from Bond Buyer

Redeveloping the RFK stadium site could spur public finance of a multi-use project.

The borrower has missed the last five interest payments on the grant-backed bonds.

While the nonprofit hospital sector shows signs of stabilizing, Houston-based Texas Children's Hospital faces fiscal problems that led to two rating downgrades.

"The forward calendar shows issuance will be above average over the next few weeks, while reinvestment cash is set to drop off," Birch Creek strategists said.

Agency cites growing debt levels and midrange demographic and economic factors.

The Fed's expected September rate cut will "make market conditions more conducive to moving projects forward" said Dodge Construction Network's chief economist Richard Branch.

The data comes from a new MSRB study, on a topic related to a 2023 report.

Ohio's Eastern Gateway Community College has entered into conservatorship and will dissolve and close after a litany of problems and financial red flags.

The purpose of restructuring is to help the Pennsylvania hospital operator "avoid a bankruptcy scenario," said Dora Lee of Belle Haven Investments.

The calendar next week largely continues "the elevated pace of primary market volume seen since May, against a backdrop of broadly supportive fund flows (LSEG inflows for eight consecutive weeks), somewhat better dealer positions (although still heavy), mid-August reinvestment to spend, but lighter late summer attendance," said J.P. Morgan strategists led by Peter DeGroot.

Up to $2.065 billion of taxable notes could be issued to finance termination of a public-private partnership that built a toll lane project in Harris County.

New facilities should reduce and ultimately eliminate the authority's current $5 million a month operating loss.

Nevada law currently bans privately financed toll roads, but there is precedent for exemptions.

Committee Chair Sherrod Brown is facing a tough election.

Issuers in five Far West states increased their borrowing the first half of the year, while four saw sizable decreases.

Along with the influx of supply, the muni market remains "constructive" due to attractive yields, said Catherine Stienstra, head of municipal bond investments at Columbia Threadneedle Investments.

The bonds, expected to be rated Aa2 by Moody's, will will be among the earliest general obligation bonds sold by Kentucky school districts since the state passed a law in April allowing such debt by school districts.

Dealers are welcoming the widening of the exceptions to manual trades and de minimis trading activity but are still asking regulators to prove why such a move is necessary.

The annual awards for the municipal finance sector will be celebrated at the close of The Bond Buyer's Infrastructure conference in Philadelphia, September 17–18, 2024.

Meet the 2024 class of Bond Buyer Rising Stars, all of whom will be honored at an awards dinner September 18, 2024, at the Philadelphia Marriott Downtown.