Capital markets

Owners of two firms will join Hilltop Securites as managing directors, the firm said.

In the week ended May 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 3.75% the previous week.

Moody's dropped the central New York county to Aa3 from Aa2.

The Connecticut Housing Finance Authority became the first housing entity to use the Secured Overnight Financing Rate when it issued $100 million of variable-rate bonds.

Allen Park's competitive bond sale came after the city's general obligation rating was raised to A-plus from BBB-plus by S&P Global Ratings.

Incoming CFO Jennie Huang Bennett and budget director Susie Park arrive as the city warns that pension contributions may rise more than previously projected.

Moody's shifted its outlook on six Illinois public universities to stable while upgrading two credits.

Illinois bonds are gaining ground in the secondary, supported by scant supply and recent fiscal developments viewed positively by investors and analysts.

Moody's Investors Service lowered the Miami-Dade County Expressway Authority’s ratings to A2 from A1 in response to state legislation.

Moody's put the Illinois State Toll Highway Authority's A3 rating on review for a downgrade in the wake of the Puerto Rico ruling.

Moody's Investors Service downgraded tax-exempt bonds issued for a Syracuse, New York, shopping mall expansion to the last rung above junk.

Gov. J.B. Pritzker's about-face on re-amortizing to reduce next year's pension contribution is one less negative rating factor, agency analysts said.

Fitch Ratings cut the Miami-Dade County Expressway Authority’s bonds to A-minus from A after lawmakers passed a bill to cut tolls and dissolve the authority.

Major League Soccer's Chicago franchise may move back to Chicago from Bridgeview, and what happens to the village's rating depends on lease negotiations.

The state's municipalities generally enjoy high bond ratings. Whether they can sustain them in bad times is still up for question.

A graduated income tax could lay the groundwork for Illinois to rebuild its credit quality — but only if done right, according to the rating agency.

S&P lowered the Miami-Dade County Expressway Authority’s bonds and assigned a negative outlook. State lawmakers proceeded to pass a bill abolishing the authority.

Moody's Investors Service assigned a negative outlook to its Baa3 rating of Georgian Court University.

Kyle Javes will fill a new post at Piper Jaffray as the firm seeks to expand in specialty sectors.

Fiona Ma has been pushing the state's bond team to explore refundings and to sell new money bonds while rates remain low.