News and Information from Bond Buyer

Moody's said its rating upgrades reflect the Jacksonville, Florida, utility's sound financial performance and governance changes.

Raymond James has agreed to acquire SumRidge Partners, a fixed income market maker dealing in investment-grade and high-yield municipal bonds.

Nora Wittstruck, senior director and environmental social and governance sector lead at S&P Global Ratings, talks with Chip Barnett about climate change, sea level rise and how municipalities’ mitigation efforts affect South Florida and other parts of the U.S. (19 minutes)

With massive secondary selling pressure and a larger calendar, credit spreads are likely to continue to widen.

Washington University will sell $1 billion of new money with tentative plans to offer a mix of 30-, 40-, and 100-year paper.

The commonwealth's unemployment rate hit a record low in February.

The budget provides more money to state and local governments and record levels of funding for schools and railroad initiatives.

Dallas Fort Worth International Airport will bring its first new money issue since 2017 to the municipal bond market next week, buoyed by an rating upgrade.

California Gov. Gavin Newsom and his party's leaders have proposed conflicting plans to give residents relief from gas taxes.

Fitch said it expects UT to maintain a strong operating performance that could warrant an upgrade in the next two years.

The board said the projects will result in up to $387 million of savings over a 15-year period.

Next week's potential volume is slated to be more than $8 billion, led by $1.25 billion of taxable and tax-exempt future tax-secured subordinate bonds from the New York City Transitional Finance Authority.

The New York Fed has called on regulators to issue updated rules on money market funds, but the market effects are quickly transforming the market.

Ten states, includeing five in the Southeast, pre-pandemic employment levels in January, according to Fitch Ratings. In an update, the U.S. Labor Department reported Florida’s seasonally adjusted unemployment rate fell to 3.3% in February.

Even deals that go bankrupt can be seen as successes in the U.S. P3 market, which may face an "inflection point" with the new infrastructure law.

Some critics say relying on federal aid may obscure the underlying problems Puerto Rico faces in the longer term as it emerges from bankruptcy.

Outflows continued, with Refinitiv Lipper reporting investors shed $1.503 billion from municipal bond mutual funds in the week, following outflows of $2.136 billion in the previous week. High-yield saw small inflows.

Illinois lawmakers are advancing a bill that allocates $2.7 billion of the state's ARPA relief to pay down a $4.5 billion federal unemployment insurance loan.

Gov. Phil Murphy proposes to make an additional $1.3 billion deposit into the state’s Debt Defeasance and Prevention Fund.

The Memphis-based investment bank launches a new office with two municipal professionals on board.