Capital markets

Mounting deficits cost Valley Stream, N.Y. its investment grade rating.

The region's municipal bond industry insiders saw a silver lining in a 21% increase for new money volume.

Following a late-2017 rush to market of advance refundings and private-activity bonds in the run-up to the implementation of new tax legislation, supply in 2018 -- particularly refunding issuance -- suffered a steep decline.

Issuers in the Northeast sold $95.5 billion of municipal bonds in 2018, off 21.3% from 2017 with an even more pronounced fourth-quarter drop.

Escalating deficits and dwindling reserves triggered a downgrade nine months after the city's liquidity crisis.

The Minnesota-based advisory firm undertook a brand makeover designed to highlight its comprehensive suite of services.

Fitch downgraded many of the district’s bonds to BBB-plus, but those it views as having pledged special revenues stay AAA.

S&P Global Ratings said that the integration of Martin Health System into the Cleveland Clinic will allow greater operating efficiencies.

Moody's Investors Service placed about $1 billion of debt issued for California's former redevelopment agencies on review for upgrade.

Texas bond volume hit an eight-year low in 2018, but industry experts gathering for The Bond Buyer's annual Austin event are optimistic about the long run.

The southern regional banks wouldn't say what will happen with their capital financing divisions when their merger closes.

At BB-minus, the city remains three notches below investment grade. A changed rating methodology for priority-lien revenue debt also pushed $430 million of bonds to speculative grade.

Moody's Investors Service upgraded Newark to Baa2 from Baa3.

Henry Cisneros and the principals of Siebert Cisneros Shank & Co. have launched American Triple I Partners.

The Sacramento City Unified School District is on track to have a negative cash balance in November.

Weaker operating results led S&P Global Ratings to lower its outlook for the Evanston, Illinois-based university.

Enright, who died of bone cancer at 72, held fiscal positions with local governments before starting a nearly 30-year investment banking career.

PFM says the acquisition will broaden its reach into special districts and land-secured municipal financings in Florida and across the country.

Shields, fired by Wells Fargo in December, joined Loop Capital Markets LLC as a managing director this week.

Mt. Pleasant, Racine County, and the Wisconsin state government all face risks if the Taiwanese manufacturer can't deliver on its big promises.