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Gary Goldsholle will leave his post as general counsel at the Municipal Securities Rulemaking Board after serving just over two years, according to multiple sources.
October 14 -
Moody's Investors Service said it has upgraded the rating on Glenwood Community School District, Iowa's outstanding debt to Aa3 from A1, affecting $17.2 million of post-sale general obligation debt.
October 14 -
Moody's Investors Service on Oct. 13 downgraded Long Beach, Calif. Airport Enterprise to A3 from A2 and revised the outlook to stable from negative affecting $117.5 million in outstanding senior airport enterprise revenue bonds.
October 14 - Washington
Washington is planning to sell $765 million of general obligation bonds in a refunding deal on Wednesday.
October 14 -
Doral Financial in San Juan, Puerto Rico, has prevailed in its court battle with the territory's Treasury Department over a substantial tax refund.
October 14 - PH
A judge's ruling that Doral is owed $230 million by the territory's government may not immediately change it status as "significantly undercapitalized."
October 14 -
Fitch Ratings upgraded Rady Children's Hospital and Health Center in San Diego to AA-minus from A-plus.
October 14 -
Inspections of municipal advisors will be low-stress and MAs will be notified in advance before seeing any Securities and Exchange Commission personnel at their doors, members of the SEC's Office of Compliance Inspections and Examinations told non-dealer advisors.
October 14 - California
The new Enhanced Infrastructure Financing District law signed by Gov. Jerry Brown last month is a credit positive for California's local governments, says Moody's Investors Service.
October 14 - Georgia
Moody's changed the outlook to positive from stable on Atlanta's Aa2 GO bond rating due to stabilized reserve levels and a return to economic growth.
October 14 -
Attorneys for bankrupt Detroit and bond insurer Financial Guaranty Insurance Co. said in court that they plan to finalize an agreement by Thursday, a move that would mean the city would have support from all major creditors for its bankruptcy exit plan.
October 14 -
Treasury Secretary Jack Lew says there is a growing bipartisan consensus in Congress on long-term federal transportation spending.
October 14 -
Municipal scales tightened significantly on Tuesday morning as traders gave up hope that higher yields may be on the horizon.
October 14 -
Moody's Investors Service said it has upgraded Central Washington Health Services Association's (dba Central Washington Hospital (CWH)) revenue bond ratings to Baa2 from Baa3, affecting $112 million of debt issued by the Washington Health Care Facilities Authority.
October 14 -
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.010% high rate, down from 0.015% the prior week, and the six-months incurred a 0.040% high rate, unchanged from 0.040% the week before.
October 14 -
The Treasury Department said Tuesday it will sell $33 billion of four-week discount bills Wednesday.
October 14 -
Triet Nguyen and Chris Foster discuss their quantitative approach to munis, how they are getting cross-over investors interested in municipal bonds, and why they are looking at the military housing sector.
October 14 -
Expectations for median household income rose to a 16-month high of 2.9% from 2.5% in August according to the Federal Reserve Bank of New York's September Survey of Consumer Expectations.
October 14 -
Moody's Investors Service has downgraded to A2 from A1 the underlying rating on Warren City School District, Ohio's outstanding general obligation unlimited tax (GOULT) debt.
October 14 -
Metro-North Railroad completed construction of a $5.7 million bridge in New Hamburg, N.Y.
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