Capital markets

The state's ratings are low investment grade, but the secondary market is pricing its bonds as high-yield.

Lawmakers granted Kevin Stitt authority to shift money where it's needed amid a coronavirus-driven fiscal crisis.

With Atlantic City casinos closed, Fitch Ratings revised the outlook to negative from stable on Casino Reinvestment Development Authority bonds.

S&P Global Ratings moved its outlook on Illinois' BBB-minus to negative from stable on "worsening economic conditions," an action that also impacted sales tax, convention center and sport facilities' bonds.

The bond-financed $420 million expansion project moved forward over the objections of board members who questioned the timing amid plummeting tax revenues.

Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.

The worst is yet to come from the coronavirus pandemic, said the commonwealth's revenue secretary, Dan Hassell.

Most of the disclosures tracked since the beginning of the year were filed in March, the MSRB said.

Fitch Ratings placed Alaska's AA-minus issuer default rating on Rating Watch Negative.

The rating agency expects a 'sudden and severe decline in the city's sales and income taxes' as a hit to the city's budget and economy from the coronavirus crisis.

In a letter, three issuer groups made specific recommendations to the Federal Reserve and Treasury.

The agency placed its ratings on the MTA’s Triborough Bridge and Tunnel Authority general revenue bonds and subordinate revenue bonds on watch-downgrade.

Moody’s revised its outlook on the NCAA's Aa2 rating to negative from stable, an action that impacts less than $10 million of debt.

AA-rated Las Vegas saw its outlook revised to negative by S&P Global Ratings with casinos shuttered and visitors absent.

Supply-starved investors flocked to the St. Louis-based private university's taxable deal, which was upsized to $450 million from $300 million.

An obscure board authorized in 1973 and categorized as "military affairs and defense" approved Gov. Gina Raimondo's request despite questions about constitutionality.

Thirty-six firms made the cut, and eight didn't, when Illinois reviewed broker-dealer qualifications for new underwriting pools.

In the MSRB’s first report showing data from March 24, trades topped 87,215, which is likely a record, said Marcelo Vieira, MSRB director of research.

The rating agency, citing severe ridership drops from COVID-19, dropped its rating to A-minus from A. It assigns a negative outlook.

Two baseball stadiums and a basketball arena face cash-flow hits from the COVID-19 pandemic.