Bond ratings

The public transit agenices are benefitting from sales taxes that fared better than expected through the pandemic and the state's stronger fiscal footing

Fitch affirmed $14.3 billion of annual appropriation-backed debt at AA-plus in addition to the $1.1 billion of AAA-rated general obligation bonds.

The city faced significant challenges finishing its annual comprehensive financial report as a result of a cyberattack, an overhaul of financial systems and managing through the COVID-19 pandemic.

Kroll analysts say federal aid helped the city avoid tapping deficit financing to pass a balanced budget.

The rating agency elevated its outlook to stable on the state’s general obligation bonds and various state-entity revenue bonds.

The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.

Fitch also affirmed the authority's $1.8 billion of senior lien bonds at AA-minus and $968 million of subordinate lien bonds at A-plus.

With enough signatures collected, according to the Secretary of State's tally, a recall election is likely.

The forward-delivery bond, part of its $1 billion special tax obligation issuance, was a first for the state, Treasurer Shawn Wooden said.

A jump in oil prices and federal relief has increased the likelihood Alaska will continue judicious draws on its permanent fund.

There’s not much difference in the criteria S&P Global uses to rate general obligation debt issued by cities and GO debt issued by states.

A year after its S&P outlook turned negative, Oklahoma is back to a stable position on strong financial management during COVID.

Still, Moody's on Tuesday revised its outlook on the New York MTA's primary transportation revenue bond credit to stable from negative while affirming its A3 rating.

S&P raised CPS' junk rating by one notch, saying federal funds will boost an "already positive financial trajectory."

Tax-exempt bonds issued for a private hospital system in Honolulu fell further into junk territory with S&P Global Ratings downgrading the bonds to CCC from B-minus.

The rating agency called the commonwealth's proposed rainy day fund withdrawal moderate.

Disneyland amusement park in Anaheim has been closed since March as California struggled to reduce its COVID-19 numbers.

The income gap between the state's wealthier and poorer residents grew wider during the pandemic.

S&P said the upgrade reflected the stability and resiliency of pledge revenues while it also looked closely at environmental, social and governance factors.

Federal CARES Act grants and loans, and bond market access, have helped mitigate the financial damage to hospitals caused by the pandemic.