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A six-notch downgrade gives the financially troubled city a non-investment grade rating of BB-plus with a negative outlook.
October 14 -
California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.
October 14 -
Public finance careers require flexibility and relationship-building, said speakers a University of Chicago Harris School of Public Policy event.
October 14 -
The Senate passed the ROAD to Housing Act, which should boost the use of mortgage revenue bonds, as a rider on the Defense Reauthorization Act.
October 14 -
"It is a big problem across the board with all types of deal participants perhaps venturing into unregistered MA activity," said Susan Gaffney.
October 14 -
The state is gearing up to grow its space industry as the federal government starts allowing tax-exempt private activity bond financing for spaceports.
October 14 -
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The average weekly issuance is at least $10 billion, said John Flahive, head of investment solutions and co-head of municipal bonds at Insight Investment.
October 9 -
Federal Reserve Gov. Michael Barr called for a cautious approach, emphasizing the possibility that tariffs will create persistent inflation.
October 9 -
Will the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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The ratings agency cited low days cash on hand and operating losses at the system, which operates one of the leading academic medical centers in Kentucky.
October 9 -
The longer the shutdown of many federal government operations lasts, the worse it becomes for cities, states and other bond-issuing entities.
October 9 -
The county awarded $215 million of general obligation limited tax bonds for a jail project with uncertain future funding to lowest bidder BofA Securities.
October 9 -
The Howard Jarvis Taxpayers Association appealed to California's high court in a case challenging San Jose's plans to issue pension obligation bonds.
October 9 -
Bondholders say the insurers reneged on the bond insurance terms, which both firms deny in filings for the case, filed six years after the COFINA restucturing.
October 9 -
The Fayetteville Public Works Commission bonds are to be priced competivitely Oct. 21.
October 9 -
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Municipals are impacted by fluctuating supply and demand influences more than most other markets, said Jeff Timlin, a partner at Sage Advisory.
October 8 -
Bond attorneys are skeptical that new hires at the Treasury and the Internal Revenue Service will help the municipal bond community as two men now occupy four key positions.
October 8 -
Carving up risk allows buyers who normally shy away from junk bonds to buy the pooled securities.
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