Subject Root Tag

The city faces the loss of $348 million of revenue because of the economic shutdown, threatening the balanced budgets it needs to avoid state intervention.

The coronavirus has shaken the foundation of the municipal market and participants are looking cautiously to the Fed while attempting to adjust to the sustained volatility.

Michael Rowan, CFA, managing director of global public, project and infrastructure finance at Moody’s Investors Service, talks about how COVID-19 is affecting the rating process. John Hallacy hosts.

Daily report for April 16, 2020.

Gov. J.B. Pritzker laid out revised revenue estimates for the fiscal 2020 and proposed 2021 budgets.

With coronavirus decimating the state's dominant industry of tourism, Moody's dropped Hawaii's rating outlook to negative.

With its hotel and car rental tax support in tatters, the Harris County-Houston Sports Authority also received a negative outlook from Moody's.

The U.S. economy went into a defensive crouch as the coronavirus swept through the country.

ICI reported nearly $3 billion of outflows, which is foretelling that coronavirus-driven volatility still lingers even if the muni market has rallied by at least 60 basis points since early-April high yields.

Los Angeles County was entitled to $1.7 billion but will lose $696 million that goes back to the state capital in Sacramento.

Shifts in smoking habits and increasing tobacco restrictions drove two downgrades of the New Jersey Cigarette Tax Revenue Bonds.

Coronavirus takes its toll on business and sales activity around the states and across the nation.

A Florida utility continues to pursue a lawsuit against a public power agency with a stake in the Plant Vogtle project.

The FAA announcement came several hours before the Treasury Department said it has reached loan and grant agreements with major passenger air carriers.

Municipal bond counsels accumulated $87.02 billion, up from the $75.14 billion in the first three months of 2019. The top spot remained the same but the rest of the top 10 saw a plethora of changes.

The two active municipal bond insurers insured $4.83 billion in the first quarter of 2020, an uptick from the $3.62 billion of wrapped deals done in the first three months of 2019. The year-over-year increase in the sector is noteworthy given that the primary market was shuttered for weeks in March due to the coronroavirus pandemic.

Starting on March 10, ETF prices consistently diverged from benchmark indices and were underpriced for about 10 trading days before converging again.

The board will "review the MSRB’s organizational response to the COVID-19 pandemic, including measures to ensure the safety of staff and stakeholders."

The pending deal with a Bank of America-led syndicate would enable the commonwealth to draw down needed finds while tax revenues are deferred.

Daily report for April 15, 2020.