Capital markets

Illinois' 10-year GO paper is trading 10 to 15 basis point tighter than before its rating outlook went to stable from negative.

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

Illinois' Baa3 rating remains one notch above junk, but the outlook is now stable, up from negative.

Sterling National Bank has a new municipal group focused on an array of non-public financing services during a time when loans to bond issuers are on the decline.

Moody's upgraded the bonds issued to build the Mets' Citi Field while boosting its outlook for Yankee Stadium bonds.

Bond insurers and legal counsel battled for share of a smaller market as Assured Guaranty and Orrick Herrington & Sutcliffe LLP stayed atop the rankings.

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Luke Bronin, in an interview at the Brookings Municipal Finance Conference, said Connecticut's capital city is "in a stronger position than we’ve been in a long time."

Fitch Ratings affirmed its A-minus rating and positive outlook for toll revenue bonds issued for the South Bay Expressway.

Moody's Investors Service affirmed the state’s ratings and revised its outlook to stable from negative.

Chicago's 2017 CAFR offers deep dive into Chicago's fiscal gains and deeper strains.

CPS inches up speculative grade credit ladder, which in turn helps garner Chicago a stable outlook.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dipped to 3.96% from 3.97% the week before.

Moody's has cut the ratings of 31 Illinois municipalities due in part to pension strains over the last 18 months.

Two Dallas-area school districts put their recently approved bonds up for sale to a receptive market.

The league tables show a return to normal from the first quarter, when PFM, Citi and JPMorgan all placed lower than usual.

Fitch Ratings says the application of its new rating criteria is not expected to result in widespread downgrades.

The combined $10 million payment by Aetna, The Hartford and Travelers is a positive for Connecticut's struggling capital, according to Moody's Investors Service.

The summer lull, trade policy, the Fed, and the lack of a federal infrastructure plan all weigh against a recovery in muni volume this year.