News and Information from Bond Buyer

MMA revised down its credit outlook for several sectors noting that looming credit trouble in the second half of the year may underpin a bleak credit and operating situation for certain issuers.

Due to their policies on fossil fuels, BlackRock, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo can't bid on state banking contracts in the Mountain State.

Property owners want to halt approval of bonds for the Oklahoma Turnpike extensions.

Sens. Manchin and Schumer's long-elusive deal on a energy, climate and tax bill includes no muni-friendly items or SALT reform.

Keely Martin Bosler steps away from California fiscal policy after two decades of analyzing and helping to craft the state’s budgets.

A proposal would prohibit fund managers at the State Board of Administration from considering ESG factors when investing the state’s money and require them to only consider maximizing returns on investment.

Municipals are poised to end July in the black. Demand for muni product has been strong this summer, with analysts expecting supportive market technicals through August with a likely continuation of positive performance.

With the Fed committed to fighting inflation with aggressive rate hikes, fewer issuers want to take the risk with taxable advance refundings.

The SEC’s Public Finance Abuse Unit has brought four enforcement cases against municipal issuers this year, which signals a shift from the usual focus on underwriters and municipal advisors.

The Louisiana Bond Commission approved $600 million of notes to help pay Hurricane Ida damage claims after several insurers went bankrupt and up to $1.1 billion to build a biorefinery.

They want at least 14 days more for the debt restructuring mediation process.

A way to look at city regeneration, infrastructure and the virtuous cycles of funding these initiatives through long-term pension investments obligations.

Investors sit on the sidelines, waiting to see how much the Fed will hike rates. The consensus appears to be another 75 basis point rate hike, though a full point hike could be on the table.

The Democrats' reconciliation bill has been whittled down to a pair of health care provisions, including one that carries implications for nonprofit hospital credit quality.

Chicago laid out three options for updating Soldier Field whether or not the Bears stay, but had little to say on financing plans beyond offering naming rights, league financing and debt as options to be explored.

Only two firms remained in the same spot at this point last year: Orrick Herrington & Sutcliffe and Norton Rose Fulbright.

Economists expect the FOMC to raise interest rates 75 basis points on Wednesday, although a full point hike could be on the table.

Public finance attorney and NABL board member Johnny Hutchinson has left Squire Patton Boggs to join Nixon Peabody as a partner.

Scammers are masquerading as the IRS’ Tax Exempt and Government Entities Division to try and get issuers and borrowers to disclose confidential information.

Higher borrowing costs result in annual interest payments for average tribal issuers ranging from $79,000 to $310,000 greater than nontribal counterparts, according to a new paper.