Bond ratings

Mild economic conditions resulted in slight changes to upgrades and downgrades in the third quarter, compared to the second quarter, S&P said.

Agency says it's the highest general obligation bond rating it has received in 47 years.

The rating agency raised the system's subordinate-lien general airport revenue bond rating to A-plus from A with a stable outlook amid increased enplanements.

"S&P recognizes the progress that has been made and that Connecticut is getting its mojo back," said Gov. Ned Lamont.

KBRA said the upgrade reflected the airport's large and growing service area, anchored by Miami, which is a vibrant center for tourism and trade.

The Legislative Analyst's Office forecasts the state could face a $25 billion deficit in fiscal 2023-24.

New Jersey has overtaken Los Angeles as the busiest port in the U.S. The port attributed the decline to labor negotiations and retailers placing holiday orders this summer to avoid the potential for supply chain issues.

"The diversity of people and places I get to work with in U.S. Public Finance, from small special purpose districts to large cities and states," makes work interesting for Cora Bruemmer. I feel like I'm always learning something new."

The rating agency zeroed in on a handful of measures in a state where voters considered billions in bond measures.

Chicago's upcoming general obligation sale will carry a Moody's rating for the first time since at least 2014.

The strength of the California economy suggests it deserves higher ratings, CreditSights said, but slowing revenues could mean the state's credit has peaked.

The upgrade reflects the city's improving pension funding practices, commitment to a sound reserve position and ability to institute structural budget measures, Fitch said.

Texas gave S&P until Oct. 13 to produce documents detailing its development and use of ESG factors in public finance ratings.

The rating agency cited progress on long-term fiscal stability and budgeting in its decision.

Fitch said the upgrade reflects lessened risk "as Vogtle Units 3 and 4 approach their scheduled commercial operation dates in 2023."

After thirty years at the Commission, Lori Price will begin as director for the Office of Credit Ratings Aug. 14

New Jersey and Illinois have the lowest state bond ratings. But all three states have been ramping up pension contributions, according to S&P Global Ratings.

A rating upgrade by Moody's Investors Service means Minnesota has triple-A ratings from three major rating agencies.

MMA revised down its credit outlook for several sectors noting that looming credit trouble in the second half of the year may underpin a bleak credit and operating situation for certain issuers.

The Miami metro area saw the most private-sector job growth among all metro areas in the state in June and year-over-year.