Capital markets

P3 players are turning to smaller projects and taking on more partners, industry insiders told a Bond Buyer conference.

Fitch Ratings cut the Philadelphia-based Catholic university to BBB-minus, with a negative outlook.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

S&P Global Ratings elevated Nevada's rating to AA-plus, two days after a Moody's upgrade.

The labor deal with teachers to end an 11-school-day strike puts pressure on Chicago Public Schools in the out years, say FItch and S&P.

Illinois’ competitive $750 million general obligation issue proved an easy sell with tight cover bids.

Moody's Investors Service upgraded $1.2 billion of general obligation bonds to Aa1 from Aa2.

Gov. Phil Murphy’s administration is exploring a large bond sale to fund equipment upgrades for the commuter rail and bus system.

After seeing a whopping $52 billion of new issuance in October, the new paper will continue to flood the market during the busiest week of the year.

The volume boom accelerated in October, with taxables accounting for about a quarter of the supply.

Competitive pricing and speed convinced the owners of the Carlsbad, California, plant to use a taxable bank loan instead of tax-exempt debt.

The authority is slated to issue $41.9 million of revenue refunding bonds in a competitive deal Thursday.

Mayor Lori Lightfoot needs to achieve her 2022 target of structurally balancing the city’s books to preserve Chicago's BBB-plus rating, S&P said.

With interest rates likely to fall lower after Fed policy makers meet, already favorable market conditions for municipal issuers will get even better.

State Treasurer Randy McDaniel said the state’s efforts to increase reserves, eliminate structural deficits, improve pension finances, and diversify the state’s economy are working.

ProMedica Health System was downgraded to Baa3 by Moody's Investors Service, which assigned a negative outlook.

Improving the capital city's system could generate tax-base growth and economic activity, according to Moody's Investors Service.

Taxable bonds will replace interim financing that funded land acquisition for the plant, which may not match the vision that drew state and local subsidies.

Although the supply/demand ratio is still lopsided, the recent surge had made things a little more balanced.

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