Capital markets

Moody’s Investors Service boosted the Town of Hempstead to Aa2 from Aa3 and assigned a positive outlook.

The muni market was weaker again Friday, as yields followed Treasurys higher after government data showed strong job growth.

Moody's Investors Service boosted the city to B2 from Caa3 and assigned a positive outlook.

S&P Global Ratings cut Build Illinois bonds after changing its criteria; the downgrade mirrors a Fitch Ratings action in May.

The $33.4 billion of issuance — the second-biggest monthly total of the year — did little to raise hopes for a fourth-quarter resurgence.

Moody's Investors Service upgraded LAX ahead of the deal, bringing the subordinate bonds to the AA-minus level across the board.

The Massachusetts Housing Finance Agency priced a $79 million refunding sale of Series 2018C taxable housing bonds.

The municipal bond industry has been following the rest of Wall Street down the path to a cold world of statistics driven by algorithms and various formulas to try to perfect an imperfect product.

Moody's Investors Service cut the outlook for the system, already rated at junk Ba1.

Municipal bond volume is set to rise in the last week of October.

The $850 million sale of special tax obligation bonds drew a record $478 million of retail orders, said state Treasurer Denise Nappier.

The Los Angeles airport enterprise received a Moody's ratings boost ahead of plans to price $650 million in subordinate revenue bonds.

Municipal bond pros say the industry has adapted to an insurance industry one-tenth its former size. Part 3 of The Bond Buyer's series on the decade after the financial crisis.

Moody's Investors Service downgraded Vermont to Aa1, and downgraded other credits that are notched off the state's bond rating.

Financial institutions and other businesses with ties to the kingdom would face a ban on doing business with Chicago under a proposed ordinance.

The debt issuance by Worcester, Massachusetts, to build a minor-league baseball stadium will probably not affect the city’s credit quality, according to Moody's.

While S&P, Moody's and Fitch still provide ratings on about 92% of municipal bonds, market participants say they don’t rely on the rating agencies as they once did. Part 2 of The Bond Buyer’s series on the decade after the financial crisis.

Funding a major capital program increasingly with debt is a big challenge, said finance director Robert Foran.

Moody's Investors Service lowered its outlook for the county's Aa1 rating.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.