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There are increasing reports of government officials discussing debt restructuring in Puerto Rico.

Government

Kentucky’s Paducah Power System dropped Fitch Ratings after getting a higher rating from Standard & Poor's.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased six basis points to 4.25% from 4.31% for the week ended March 12.

The Third District Court of Appeal in Florida has ruled that property taxes cannot be assessed against privatized military housing at the Key West Naval Air Station.

Rhode Island’s $621 million sale of tobacco settlement asset-backed bonds two months after a state judge cleared the deal was a huge boost for the Ocean State, said an attorney involved with the case.

Bel Air Investment Advisors LLC opens, a Los Angeles-area firm that manages $7 billion in assets including many munis, opened a San Francisco office as part of a larger expansion plan.

Prices of top-shelf municipal bonds continued to strengthen on Thursday, traders said, as yields on some maturities closed down by as much as eight basis points. Muni yields have fallen by about 13 basis points in the two trading sessions since the Federal Open Market Committee meeting concluded.

The Municipal Securities Rulemaking Board on Thursday requested approval from the Securities and Exchange Commission to expand the post-trade data displayed on EMMA.

The long hours and commutes New Yorkers endure underscore the need for adequate transit funding, said New York City Comptroller Scott Stringer.

Massachusetts Department of Revenue operative Sean Cronin will be the state overseer for Lawrence, budget Secretary Kristen Lepore announced.

Standard & Poor's Ratings Services lowered its long-term rating to AA-plus from AAA on Dakota County, Minn.'s general obligation debt and on the Dakota County Community Development Agency's debt, supported by the county's GO pledge.

Another short-term fix of the Highway Trust Fund is likely as Congress struggles with how to pay for a multiyear transportation measure.

Integris Health Group received more than $1 billion of orders for $200 million of refunding bonds issued through the Oklahoma Development Finance Authority, producing savings of 5.8%.

Ohio Transportation officials have launched a $2.4 billion capital plan for 2015 that’s the second-largest in state history and features the state’s first public-private partnership.

Lawmakers are concerned about the Securities and Exchange Commission's extensive use of administrative proceedings to enforce securities laws in the wake of the Dodd-Frank Act, a trend that has not extended to municipal cases.

Ports on the West Coast are recovering from the cargo backup that developed during a recent labor dispute and are turning their attention to long-term strategic threats from ports in other regions.

Water utility executives from 47 states stormed Capitol Hill to urge lawmakers to repeal a ban on the use of tax-exempt bonds for projects already benefiting from certain federal assistance.