Capital markets

Officials said the deal was undertaken to simplify the Valley Transportation Authority's debt portfolio.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The municipal bond market will be ready and waiting for the $7 billion of new issuance, including the first billion dollar deal in nearly five weeks.

The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

S&P boosted the outlook on New Mexico's AA rating to stable from negative.

The Platte County Industrial Development Authority bonds funded upgrades to a suburban shopping center near Kansas City.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.

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.