Capital markets

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.

California competitively sold nearly $900 million of bonds while the Salt Lake City airport deal was priced in the negotiated sector.

Continued fiscal progress a year in the wake of resolving outstanding casino tax appeals moved Atlantic City’s credit rating toward a B grade for the first time since early 2016.

Veteran Florida bankers Matthew Sansbury and Alex Bugallo joined the firm’s public finance division as managing directors.

Technology problems with the nation's first commuter rail P3 threaten to unravel the partnership and junk the bonds issued for the project.

Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.

Pension obligation bonds won't be in the mayor's budget plan, and rising rates are making it harder for a deal to pencil out.

The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.

S&P said Pennsylvania's rejection of Wilkes-Barre from a state workout program presents no immediate pressure to its overall credit quality.

Northwestern Memorial Healthcare's long-stalled acquisition of Centegra was finalized last month.

After seeing yields rise in recent days to close out the week, the muni market will see under $5 billion in the upcoming holiday-shortened week.