Capital markets

The state's special commission on pension funding is exploring contributions of real-estate assets to an independently managed trust.

The county has almost $1 billion in outstanding pension obligation bonds.

Dominick Mondi will remain president of the firm's capital markets division.

His two-decade career as a California elected official has given him a reputation as a fiscal policy expert.

Moody's dropped Mount Pleasant one notch to Aa3 over risks tied to the $10 billion project.

S&P Global Ratings raised Stockton Public Finance Authority lease-revenue bonds to BB from B-minus.

Moody's boosted the revenue bond rating of the Las Vegas Convention and Visitors Authority to Aa3.

Monthly new-issue volume surpassed the $30 billion mark for the fourth time this year in August, helping keep third-quarter issuance close to last year's pace and potentially setting the stage for a more robust season of issuance in the Fall.

As cities continue to build upon their fiscally stable condition, a Michigan Senate bill was introduced that could hamper the continued growth and force residents – all taxpayers – to pay more for daily services and infrastructure, while limiting the ability of municipalities to finance vital capital infrastructure including roads, bridges, schools and more.

Cleveland Hopkins is planning to issue $90.3 million of series 2018 A refunding bonds and $21 million of series 2018B bonds.

Moody's Investors Service took the Nevada city up to Baa1.

The Florida Development Finance Corp. will issue $1.75 billion of bonds for the privately owned passenger train project.

The Florida Development Finance Corp. will be asked to be the conduit issuer for $1.75 billion of PABs on behalf of the project's private owners.

The Little Rock-based firm added Matthew Johansen as a senior vice president.

The ceasing of casino revenue sharing payments continues to hamper the credit conditions of Niagara Falls, N.Y., according to S&P Global Ratings.

S&P Global Ratings revised its outlook on the state’s general obligation bond rating to stable from negative and affirmed its AA-minus rating.

The organization chose Karen Daly, Emily Brock, and Lori Schreckengost to receive the annual awards.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Municipal bond market participants are seeing the last of this week’s new issues come to market on Thursday, led by issuers from New York and Massachusetts.

Moody's Investors Service dropped Beloit College's rating two notches to Ba1 from Baa2.