Infrastructure

"The upgrade is supported by strengthened debt service coverage ratios due to better than expected recovery from the pandemic," Fitch said.

Friday price talk for the unrated tax-exempt paper was between 11% and 15%.

The law firm revealed 2024 promotions.

The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.

It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.

"We believe in this," Transportation Secretary Pete Buttigieg said.

The Hall of Fame initiative celebrates individuals whose careers have left an indelible mark, while the Rising Stars program recognizes the muni finance leaders of tomorrow. Nominations for the 2024 classes will be accepted until Friday, May 31. This will be the final deadline.

The most recent open solicitation period, last October, yielded three proposals.

"The financial and engineering industries need to align to get the owners to do what it is they need to do to make sure it's a durable asset," said Maria Lehman, immediate past president of ASCE.

Water systems will have five years to comply, although the Biden administration estimates only between 6% and 10% of systems will need to treat.

The T&I Committee is holding hearings on another landmark infrastructure bill.

The deal comes amid market inflows and a dearth of high-yield supply, but demand will depend, as always, on the price, investors said.

The DOT has made $20.5 billion available to state and local governments, in addition to signing an agreement that expands capacity at the Port of Baltimore following the collapse of the Francis Scott Key Bridge.

In "my nearly 50 years in finance, I've never seen more demand for energy infrastructure," BlackRock CEO Larry Fink said in his latest investor letter.

The loan is part of an Inflation Reduction Act program that finances the restart of renewable energy projects that have ceased operations.

Supply chain disruptions and economic impacts are raising concerns.

The legislation gives up to $8.84 billion in bonding authority to the New Jersey Transportation Trust Fund Authority over a five-year period beginning July 1, about $1.76 billion annually.

A freighter struck the bridge early Tuesday morning, toppling the 47 year-old structure and creating both a human tragedy and an infrastructure challenge.

"What we're doing is just being prudent managing the risk," said Metropolitan Transportation Authority Chief Financial Officer Kevin Willens.

House Speaker Mike Johnson has unveiled a spending package to keep the government funded for the remainder of FY 2024, setting up a tense window for the bill to be passed before the government shuts down on Saturday morning.