Capital markets

The Texas Water Development Board is planning the largest bond issue in its history as it also deals with the impact of Hurricane Harvey.

S&P Global Ratings said it has lowered its ratings on Virgin Islands Water and Power Authority's (WAPA) senior-lien electric system revenue bonds to CCC-plus from BB-plus.

Gov. Tom Wolf has threatened further cuts without a balanced $32 billion fiscal 2018 budget.

Several Democrats broke with their party to pass a GOP budget that Gov. Dannel Malloy intends to veto.

Weekly volume in the primary municipal bond market is expected to drop below $5 billion for the third time in five weeks.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

The state awaits word on how Gov. Tom Wolf will handle the situation as bond rating agencies continue to hover.

A planned overnight short-notice vote failed to materialize amid continued tweaks.

S&P Global Ratings cut its rating on Hartford, Conn.'s general obligation bonds by four notches to B-minus from BB and the rating on the Hartford Stadium Authority's lease revenue bonds by three notches to B-minus from BB-minus, the rating agency said on Thursday.

The authority plans to sell new money and refunding bonds.

The rating agency cautioned that rising pension costs and revenue restraints could pose challenges.

The San Francisco-based broker-dealer, which launched its trading platform in May, expanded its West Coast presence.

The administrators of the school districts say the short-term loans are needed as they put together long-term fixes.

Continued lack of a budget will mean a spending freeze and further rating agency backlash.

The system reported strong investor demand for $350 million of taxable debt earlier in the week.

The new money and refunding bonds are being sold Wednesday.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

The Cleveland-Cuyahoga County Port Authority missed a September bond payment.

Hurricane Irma is the first test in many years for the bond-funded entities created to ensure Florida residents can obtain property insurance.

Minnesota's high court ordered the negotiations to resolve a funding dispute that's entangled a small piece of debt.