Capital markets

In the week ended March 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.04% the previous week.

Moody’s Investors Service downgraded the Albert Einstein Healthcare Network in Pennsylvania to Ba1 from Baa3.

D.A. Davidson will expand its presence in Oklahoma and Texas with the acquisition of Wells Nelson.

Birmingham, Alabama's general obligation bond rating was lowered one notch by Fitch due to growing pension liabilities.

Chicago's CFO says investor outreach will stress fiscal controls that make it difficult for the city to backslide on its progress under Rahm Emanuel.

Scott Mitnick, who was county administrator of Sutter County, California, will be a director at financial advisory firm KNN Public Finance.

Shawn Wooden expects his proposal to fix to state teachers’ pension system to kick-start an agenda that includes infrastructure, improved returns and financial literacy.

Moody's boost at Aa1 means lower borrowing costs, additional savings and a more diverse market for the city's bonds, according to Melanie Hartzog.

J.B. Pritzker will defend his fiscal 2020 budget and pension proposals as well as his gamble on waiting for voters to approve graduated income tax rates.

Victor Quiroga Jr. previously was a vice president at Frost Bank.

The firm sought to coerce banks that underwrite high-yield state and local government debt deals from doing business with Preston Hollow Capital, the Dallas-based lender alleged in a lawsuit.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.

The firm's new chief executive sees a wealth of assets, a positive employee culture, and great potential for growth.

The upgrade Friday came as city Comptroller Scott Stinger warned about the use of numerous one-time actions to balance the budget.

Moody's Investors Service lowered the Philadelphia-based university to Baa1.

The state treasurer's office is reviewing proposals for underwriting and remarketing services, and the Public Facilities Commission is choosing attorneys.

The next mayor will be under pressure on pension funding, labor contracts and economics, S&P Global Ratings said.

Municipal bond issuance jumped 29.2% in February, and may climb further as the initial effects of the 2017 tax act fade.

The state's BBB Fitch rating is at risk of a downgrade if lawmakers adopt Gov. J.B. Pritzker's proposed fiscal 2020 budget.

The new money segment of the $438 million deal will help fund a midfield concourse at LAX.