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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
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The longer the shutdown of many federal government operations lasts, the worse it becomes for cities, states and other bond-issuing entities.
October 9
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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
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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
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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
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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
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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
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Carving up risk allows buyers who normally shy away from junk bonds to buy the pooled securities.
October 8
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A state appeals court found that a simple majority approval by voters was sufficient on a 2020 hotel bed tax measure that reached the ballot via initiative.
October 8
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Chicago, Los Angeles and Portland will face economic costs from the Trump administration's showy deployments of National Guard troops and immigration agents.
October 8
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Illinois school districts face worsening credit pressure due rising personnel and special education costs and slower home price growth, S&P Global Ratings said.
October 8
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The Pennsylvania healthcare system is touting plans to grow its network as it funds an expansion for its largest hospital, in York.
October 7
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The large issuance of munis this year, up 12.9% year-to-date, "disadvantaged" the asset class compared to other U.S. fixed income assets for a majority of 2025, said Pat Haskell, head of the municipal bond group at BlackRock.
October 7
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Stanford University increased a commercial paper program by $500 million to $1 billion, marking the latest institution in U.S. higher education to do.
October 7
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Stradling clients "were fortunate to receive proactive contact from SEC staff to reschedule imminent matters leading up to the shutdown," said Kathleen Marcus, a partner at Stradling.
October 7
