Capital markets

With competing party-line legislative budgets, a rebuke of both by the governor and a worsening deficit projection, the state is careening toward more fiscal turmoil and further backlash from Wall Street.

Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.

With tax season in the rear view mirror, supply is set to rise to $7.8 billion as demand rebounds.

The new site is designed to drive investment in the Massachusetts capital.

The commonwealth plans a competitive sale for the $500 million in fixed-rate, tax-exempt new-money general obligation bonds.

The net designated syndication rule is one whose time has passed. The municipal market should modernize, following the lead of other markets as to how issuer monies from its bond issues are paid to underwriters.

With more than 100 structures closed recently due to potential safety risks, Moody's said the state’s deteriorating infrastructure is credit negative.

Nine Oregon school districts are responsible for half of the $1 billion in school capital appreciation bond issuance nationally since January 2017.

New Jersey's third-most-populous city retains a junk Ba1 underling rating, but Moody's boosted its outlook to stable.

S&P Global Ratings still has the district well inside junk-bond territory at a B rating.

Hartford Mayor Luke Bronin struck a guardedly optimistic tone as he released a $567.3 million budget plan.

A banking industry official warned aldermen that some institutions would cut ties to the city if it enacted such an ordinance.

The launch of the new website came shortly after a second upgrade to investment grade.

The Volunteer State lowered the savings threshold it requires for a refunding.

The rating actions came after the state agreed to assume the city's GO debt.

Municipal market volume will rise by two-thirds to $7.45 billion in the coming week, led by a $2 billion taxable deal from California.

KeyBanc will price $162.5 million in revenue bonds for the King County Housing Authority Tuesday.

The bonds will finance projects in the UConn 2000 Infrastructure Improvement Program, a $4.6 billion, 32-year initiative.

Fitch said Chicago's modernization plans may not protect O'Hare against rating pressures as debt levels swell.

Foreign investors and insurance companies are expected to drive California's all-taxable sale