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Moody's dropped the Chicago Archdiocese' rated debt by three notches to Ba1.

The Department of Justice filed a federal complaint alleging conditions at Alabama prisons violate the constitution, as the state continues to negotiate public-private partnerships to build three lockups.

COVID-19 brought the primary to a standstill in March and April. The municipal market is now set to eclipse $450 billion of issuance in 2020, a record.

With rising COVID-19 cases and increasing local restrictions, jobless claims can be expected to continue rising, economists said.

The twin ports of Southern California, in Long Beach and Los Angeles, both reported record numbers this fall.

Bridge funding from a lame-duck Congress could help plug operating deficits and stave off doomsday measures, agency leaders insist.

Conduit issuer Trust for Cultural Resources for the City of New York will issue the $77 million green transaction.

Daily report for December 10, 2020.

The state attorney general is asking the court to clarify the legal standard for denying taxpayer actions and decide if the state constitution limits GO borrowing to capital purposes.

The state will use debt service savings from the refunding side of the deal for near-term budget relief; the deal includes its first taxable refunding bonds.

Muni benchmarks were steady while new deals re-priced to lower yields in a tale of two markets. ICI reported more inflows.

Many predicted double-digit unemployment at yearend, but that won't happen, but even after vaccines are introduced labor market questions will need to be addressed.

A bipartisan group of eight senators on Wednesday released further details of their $908 billion framework for emergency aid, including $160 billion for state and local governments.

The reoccuring Water Resources Development Act is expected to pass the Senate this month.

The Bond Buyer chose the Ford Foundation’s $1 billion sale of taxable social bonds as the Deal of the Year winner in the Environmental, Social and Governance/Green financing category.

Ma says the group is committed to developing a more inclusive economy and society

Task forces studying three proposed toll road projects failed to conclude if there is a need for the new corridors or modifications of existing roads.

The $6.8 million, three-year agreement with IBM includes hardware, software and services to design, install, operate and maintain a cyber center that will connect all the port's users to the system.

Juan Carlos Blanco has a background in law, finance, and government service.

Predictably, the rating agency cited COVID-19 effects in its downgrade to AA-minus from AA.