Capital markets

Federal disaster relief mitigates the credit impact of fires and other catastrophes, rating agencies say.

S&P Global Ratings dropped New York's Metropolitan Transportation Authority to A from A-plus, its second downgrade of the agency in five months.

The Moody's upgrade comes as the city is exploring a privatization of the Lambert airport.

The county will sell $150 million of sales tax-backed paper, already rated AAA by S&P.

The authority received upgrades from Moody’s on its two variable rate debt issues backed by bank letters of credit.

The five bankers will work in the firm's Chicago, Washington, D.C., and New York offices.

The judge said plaintiffs didn't allege Snyder knew about the dangers of the water in Flint River when he authorized the switch to using it.

The State Bond Commission approved a $10 million study on reviving tolls against a backdrop of revenue strain and regional dynamics.

Moody's shifted the outlook on RTA and CTA's $5 billion of debt as Chicago and Illinois outlooks stabilize

ArtCenter College of Design plans to price $100 million in combined refunding-new money sale.

City officials say the round of assignments for bond counsel and special disclosure counsel includes larger and smaller, minority-owned law firms.

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

A negotiated transaction may help Maine limit the yield penalty from Gov. Paul LePage's last-minute cancellation of the sale last month.

S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.

The Ohio-based operator is acquiring the operations of HCR ManorCare.

The upgrade comes ahead of a $619 million bond sale.

Banker David Schott has joined Stern Brothers' New York office.

During the new issue pricing period is when institutions place their orders. Independent advisors and their clients are wise to follow the money.

The Central Basin Municipal Water District was downgraded three notches to Baa1 by Moody's, which assigns a negative outlook.

Moody's changed the outlook on its Aa3 rating to positive from stable.