Capital markets

Growing pension costs cost the city a rating notch.

The mill will recycle waste paper and corrugated containers.

Voters in Houston approved the measure by a more than three-to-one margin.

Fitch Ratings dropped the state one notch to AA.

A commission would examine transferring capital assets to a trust and building asset values to benefit pension plans.

Strong legal and structural protections earned the debt top grades from Kroll and Fitch. S&P wasn't as bullish.

Moody's cited the city's reliance on nonrecurring revenues.

Moody’s Investors Service moved the outlook to negative in advance of a $40 million revenue bond sale.

Moody's Investors Service also cited a structural deficit.

Kroll Bond Rating Agency and S&P Global Ratings both revised their outlooks.

More states and localities moved ahead with infrastructure financings in October, as issuers gained confidence the municipal tax exemption will remain in place.

UBS brings aboard two more muni pros in its quest to fill out its newly revamped public finance business.

The Pennsylvania governor could borrow against tobacco revenues or against profits from the state-run liquor system.

Chicago Public Schools got a boost to BB-minus as the district readies a new money and refunding deal.

Gainesville Regional Utilities received $3 billion in orders for $416 million of tax-exempt bonds.

Fitch returned the South Carolina-owned utility's outlook to stable due to cancellation of the nuclear reactor project.

Legislative leaders say the move will plug a $2.2 billion budget shortage and end a nearly five-month budget impasse.

The House and Senate actions place the ball in the court of Gov. Dannel Malloy, who was sidelined during the negotiations.

Illinois will use the proceeds to pay down some of its $16 billion unpaid bill backlog.

The firm added three veterans to its debt capital markets group to expand its capabilities.