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The move would not resolve structural budget gaps, according to the rating agency.November 3
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The two-notch lowering to A-minus precedes the transit agency's planned $258 million negotiated sale of transportation revenue refunding green bonds.October 26
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In a federal complaint, they accuse the fund manager of increasing risky bets while the market was imploding from the coronavirus pandemic.September 30
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The mass transit agency, its finances reeling from the coronavirus, rejected bids from 10 different banks and sold $451 million of notes to the Municipal Liquidity Facility.August 19
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The $16 million, small-denomination offering, to finance projects with climate and environmental benefits. is modeled after World War II Series E bonds.July 9
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Colleagues admired Sitzer, who died Saturday, for his deep knowledge of the industry, his relationships and his personal touch.June 10
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Chairman Patrick Foye said the designation will better position the authority to cope with the revenue loss from the coronavirus pandemic.June 4
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Investors, while confident long-term about the transit authority, worry about immediate risks, Chairman Patrick Foye said in a letter.May 22
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According to the survey that Tom Kozlik prepared, more than 90% of 211 analysts and specialists found coronavirus the most compelling issue facing the public finance industry. Public pensions ranked second.April 29
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Morgan Stanley has hired the former NPFG official as an executive director of credit analysis within the municipal capital solutions group.January 7
