News and Information from Bond Buyer

The defendants believe the charges are lacking on numerous levels while the SEC argued that fee-splitting is a clear and known rule violation.

Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.

Municipal to UST ratios hit highs earlier in the week, creating entry points for buyers to return to the market even as ratios fell on the week. The primary will see a smaller calendar at $5.4 billion.

Bonds defeased include state GOs and securities from the New Jersey Building Authority and the Economic Development Authority.

Attorneys say the first step is to get a court to stay enactment of the Plan of Adjustment, but that it is unlikely.

The two Michigan-based systems completed their merger amid stepped-up federal anti-trust scrutiny but have not yet announced any changes to their existing debt portfolios.

Moody’s Investors Service elevated Idaho’s bond rating to Aaa, following a similar move by Fitch Ratings in November.

The Municipal Securities Rulemaking Board’s request for information on environmental social and governance factors is beginning to collect responses from issuers and practitioners alike, revealing some of the market’s initial priorities.

The organization sought to increase representation of underrepresented minorities and women on its municipal market advisory groups.

The broker-dealer has added several people to a team that specializes in land-based municipal bond transactions.

“We are working hard to secure the city’s financial health now and for future generations,” said Scranton Mayor Paige Cognetti.

Municipals were stronger again on the day, though, and new-issues were repriced to lower yields.

Restricting the use of IIJA funds for new highway capacity "flies in the face" of Congressional intent, said Sen. Mitt Romney.

Jaresko's resignation comes the same week as more than 40 Puerto Rican groups called for the disbandment of the Oversight Board in a letter to President Joe Biden.

Illinois' burdensome pension tab and questions over whether revenue can keep pace with spending in the long term pose strains, but the governor's plan to use surpluses to pay bolster the rainy day fund and pension contributions and pay down bills moves the state in the right direction.

The UST selloff and rate fears spooked investors in January, but experts predict more opportunity and a stronger tone for munis in the remainder of the first quarter.

The White House's pick for vice chair for supervision, Sarah Bloom Raskin, took the brunt of criticism from Republicans on Thursday. But it seemed to do little to sow doubt among the Senate Banking Committee's moderate Democrats about Raskin or fellow nominees Lisa Cook and Philip Jefferson.

After a signature drive failed to put a water funding measure on the statewide ballot, a state Assembly member is trying to get his fellow lawmakers to do so.

Gov. J.B. Pritzker highlighted rating recent upgrades as he presented an election-year budget that would also offer tax relief and reduce the bill backlog.

Republicans have knocked Sarah Bloom Raskin as too liberal on climate change and Lisa Cook as underqualified ahead of a Senate Banking Committee hearing Thursday. Meanwhile, a Democratic senator's illness threatens to stall nomination votes in the full chamber.