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Moody's Investors Service ran a series of stress tests on $38 billion in state highway revenue bonds it rates to gauge the risk to fuel-tax backed bonds.

The Local Government Commission voted to allow the Greater Asheville Regional Airport Authority to sell $175 million of transportation revenue bonds.

The growth in March tax collections reported by the states was less robust than a year earlier.

Household and U.S. bank ownership of individual bonds fell and the total face amount of munis outstanding was down 0.6% quarter-over-quarter and down 1.4% year-over-year, Fed data shows.

The announcement came as a global settlement agreement that resolves Preston Hollow Capital LLC's litigation against Miller and Nuveen was disclosed.

Daily report for April 10, 2023

New Jersey received a Moody's Investors Service upgrade to A1, citing the state's approach to pension funding and debt defeasement.

At issue is the completion of a WAPA financial settlement with its fuel supplier, Vitol, to which it owes about $278 million.

For the week ending Wednesday, outflows lessened as Refinitiv Lipper reported $91.713 million was pulled from municipal bond mutual funds after $194.097 million of outflows the week prior.

Eleven states from California to South Dakota will receive funding for 83 projects to improve water delivery systems, the Biden administration announced.

The examination includes specific questions related to compliance with Federal tax requirements.

The Commission has settled with Roberto Mejill-Tellado for acting as an unregistered broker in the scheme that defrauded the city of Mayaguez, Puerto Rico.

Comptroller Brad Lander said the pension funds adopted a measurable and transparent plan that could serve as a model for other investors.

Gov. Phil Murphy wants to let a COVID-era corporate tax surcharge expire. Liberals want to make it permanent; conservatives want to cut it even more.

The deal is expected to close in the third quarter of 2023.

Detroit's return to investment grade is within reach if it stays on track after Moody's put a positive outlook on the Ba1 rating following an upgrade from Ba2.

Daily report for April 06, 2023

Outflows continued with the Investment Company Institute reporting investors pulled $128 million from mutual funds in the week ending March 29, after $693 million of outflows the previous week.

California filed a disclosure notice March 30 saying it would cover lease revenue bond payments for a damaged Central Valley agriculture lab.

The collapse of the cryptocurrency exchange platform FTX had prompted the county and the team to look for a new partner for the 19,600-seat arena.