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Moody’s on Thursday joined Fitch and S&P Global Ratings in moving the city’s rating outlook to negative. It has rated Chicago at speculative grade since 2015.
October 29
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Harvey has failed to fully implement an independent consultant's recommendations in violation of a 2014 settlement that resolved securities charges, the SEC says.
October 29
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New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.
October 29
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The comptroller report said New York City's reserves mitigate the need for bond financing to fund operations as the city has more in reserve funds than pre-Great Recession and Sept. 11-related recession figures.
October 29
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The most significant revenue loss in Florida continues to be the drop in sales tax collections in the tourism and hospitality industries.
October 29
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The SEC's Rebecca Olsen said in 2021, the regulator plans to explore ways to get more comment on financial disclosure recommendations.
October 29
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The next milestone in the shift to the Secured Overnight Financing Rate is expected to be the announcement from the U.K.’s Financial Conduct Authority before the end of this year declaring Libor as nonrepresentative.
October 29
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California Gov. Gavin Newsom's executive order directs regulators to put rules in place to end the sale of gas- and diesel-powered passenger vehicles in 2035.
October 29
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Gross domestic product surged in the third quarter's first read, but analysts suggest the rising number of coronavirus cases bodes ill for fourth quarter growth.
October 29
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Sowjana Sivaloganathan, director of fixed income at Intercontinental Exchange, and Patrick Smith, director of municipal evaluations at ICE Data Services, talk about how ICE and its Muni Curve has evolved in the muni space, the challenges COVID has presented and the transparency measures they have undertaken. Lynne Funk hosts. (30 minutes)
October 29
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The transit agency — its revenues battered, its credit standing weakened and with no federal rescue aid in sight — looks to borrow its remaining $2.9 billion available through the Municipal Liquidity Facility.
October 29
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The U.S. economy faces “slow going” with no additional fiscal support likely for several months, said former New York Fed President William Dudley.
October 29
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By putting a negative outlook on its BBB-minus rating, Fitch leaves Chicago little room to avoid being saddled with a second speculative-grade rating.
October 28
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Justin Peterson said he expects the next fiscal plan will allocate money for Puerto Rico's central government debt.
October 28
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Detroit's public school system believes the city's stand-alone bond sales bode well for its future market access should it eventually seek to borrow.
October 28
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Taxables march on while ICI reports billions of inflows and secondary trading shows long-end strength.
October 28
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South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.
October 28 -
With the economy offering positive and negative signs, economists have differing views on the recovery.
October 28
