Capital markets

Fitch Ratings revised its outlook to stable from negative on the Corpus Christi utility and S&P removed it from CreditWatch with negative implications.

The lowered outlook is a sign of negative momentum for the district, which could affect how its paper prices in the primary and secondary markets.

The eight members of The Bond Buyer's 2026 Hall of Fame class helped shape not only major financings and institutions, but some of the laws, analytical approaches, market practices and professional networks that underpin municipal finance today.

The incoming Bond Buyer Hall of Famer combined legal training, investment banking and financial advisory experience to solve complex financings — and used that range to help develop the industry's next generation.

The incoming Bond Buyer Hall of Famer built public finance businesses at U.S. Bank and Academy Securities by combining experienced teams, issuer trust and a clear reason for clients to choose a new franchise.

The incoming Bond Buyer Hall of Famer helped build Citi into a dominant municipal underwriting franchise by making complex finance understandable, actionable and useful to issuers.

KBRA approves of New Jersey's pension progress and budget management.

Heavy August issuance created fewer oversubscriptions and more demand for concessions, a signal that issuers, advisors and underwriters need to pay closer attention to structure, timing and clearing levels, according to Market Intelligence analyst Jeff Lipton.

The incoming Bond Buyer Hall of Famer has paired creative banking with relentless execution and client focus across four decades — from pioneering a new muni sector to transforming Jefferies into a market leader.

For the 25th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. The deadline for nominations is Friday, October 2.

The incoming Bond Buyer Hall of Famer says titles and board seats are "empty calories" unless they improve the municipal market, a philosophy that has shaped his work in regulation, banking, and mentorship.

With a general obligation bond deal in the works, Illinois can tout Moody's upgrade to A1 of the state's issuer, GO and Build Illinois sales tax bond ratings.

Rating agencies say they don't expect federal plans for the drought-plagued river to spark near-term credit concerns, but they may develop over the longer term.

Funded ratios remain useful, but they can mask risky assumptions, illiquid investments and correlated exposures that may force higher government pension contributions during the next downturn, writes Market Intelligence analyst Jeff Lipton.

The city remains triple-A across the board despite's S&P's negative outlook as it prepares to sell $269 million of general obligation bonds.

Financing for a nearly $500 million long-term investment plan would include as much as $250 million of revenue bonds that could be sold next year.

The ratings agency cited strong financial metrics and affordable utility rates.

Municipal bond volume currently stands at $372.991 billion in 2026, up only 0.8% from $370.022 billion at the same time last year.

Tens of thousands of acres have burned in central Oregon and in the Spokane region of eastern Washington.

Belmont University is among investment grade, well-known institutions dealing with more financial pressure due to a shrinking pool of undergraduates.