Capital markets

The region's governments could find it harder to generate fresh revenue, Moody’s Investors Service said

Few details have emerged yet about a tentative state budget deal that might help the capital city dodge bankruptcy.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.98% from 4.02% last week.

The firm's win on a competitive California GO deal underscores efforts to keep its hand in the new-issue business.

The state’s high-speed rail program still faces a long journey to completion beset by lawsuits and political opponents.

S&P Global Ratings assigned negative outlooks to the five special purpose districts due to flood damage.

Moody’s lowered Niagara Falls’ general obligation debt to Baa3 from Baa2.

The utility in Gainesville will use bond proceeds to buy a privately owned plant to exit an above-market power purchase agreement.

Illinois' break in budget gridlock and tax hikes help market digest bonds.

S&P raised the city's rating on notch to CCC-plus and assigns a stable outlook.

Moody's Investors Service placed 29 cities and school districts on review for downgrade.

Treasurer John Chiang extended his office's sanctions against the firm for a second year.

Orrick, Herrington & Sutcliffe and Assured Guaranty retained their positions in third-quarter rankings, while Build America Mutual rebounded from a stint on negative credit watch to capture its typical market share.

S&P lowered its outlook to negative, citing constraints from the four-month impasse.

The short-term lifeline will enable the commonwealth to make Medicaid payments while it will lacks a revenue plan.

The primary muni market is set for nearly $10 billion in weekly volume, as deals from Illinois, New York and California dominate the calendar.

The prairie state plans $6 billion of general obligation borrowing over the next two weeks, offerings expected to lure investors with unusually rich yields for a sovereign state credit.

The city is looking for banks to lead a tender offer and refunding of bonds issued as part of its bankruptcy exit.

The law provides increased revenue-raising flexibility for storm water management.

UBS Wealth Management Americas continues to fill out its re-emerging public finance practice, adding three more new-hires in Dallas, Los Angeles and New York.