Capital markets

Demand for municipal bonds is much stronger in 2020 than it was to end 2019, illustrated by record inflows into the asset class in the latest reporting week.

The former FTN Financial increased its underwriting numbers in 2019 and parent First Horizon National merged with Iberiabank of Louisiana, adding more heft.

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

The Palmyra-Eagle Area School District says it will run out of operating funds in the next school year.

Bill Carabasi has 37 years of sales and trading experience in the fixed income and municipal bond markets.

California's I-Bank will be the conduit on the second set of bonds to finance construction of the Academy Museum of Motion Pictures.

The New Jersey city received a Moody's Investors Service upgrade to Ba3 from B2 as it enters year four of a five-year state takeover period.

The Lincoln-Way high school district won a Moody's upgrade to Baa2 ahead of a $23 million refinancing deal.

The authority approaches next week’s planned $2.5 billion of issuance buoyed by clearance of its five year, $51.5 billion capital program.

The state's budget and rating momentum may hinge on economic growth, which has not presented a pretty picture.

New state funds mean the authority heads into 2020 with a stronger fiscal hand to manage capital and operating needs for at least the next five years.

Latest local government, pension-related downgrade in Illinois comes as local public safety pension consolidation now underway

Jay Goldstone was considered instrumental in San Diego’s re-entry to the bond markets following the city’s pensions scandal in the mid-aughts.

Moody’s Investors Service lowered the rating of the private collage in upstate New York to Ba3 from Ba1.

Fitch Ratings revised the outlook on its AA-minus rating to negative from stable.

Moody's downgraded the 417-bed Claremont Properties project to Caa2.

Chicago fared poorly in a Moody's report about the nation's largest cities and Illinois continues to stand out for budget stress and pension liabilities.

The general obligation bonds are secured by property tax assessments that don't flow through a school district budget that is threatened with insolvency.

Fitch Ratings raised Hawaii to AA-plus from AA.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.