Capital markets

Illinois’ swap providers agreed to lower termination triggers, the governor's office said.

Only two of Illinois' nine public universities retain a Moody's investment-grade rating after new downgrades.

S&P Global Ratings said it raised its long-term rating on the city of Los Angeles, Calif.'s outstanding general obligation bonds to AA from AA-minus.

Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.

S&P Global Ratings has lowered its ratings on the Commonwealth of Massachusetts' approximately $22 billion of parity general obligation (GO) bonds outstanding to 'AA' from 'AA+' and its rating on Boston Housing Authority housing project bonds,

Municipal market buyers aren't waiting for the rating agencies -- they're already trading Illinois paper at junk bond levels.

The sale of $1.1 billion of unrated bonds for New Jersey's American Dream comes amid uncertainty about the future of indoor shopping malls.

Dallas and Houston are on the right path to fixing their troubled pensions, according to Moody's.

Kansas' adoption of a tax increase led Moody's to boost its outlook on the state to stable.

The University of Illinois and Illinois State University were downgraded by S&P Global Ratings.

Barclays is bolstering its Chicago team with three banking additions at the expense of Bank of America Merrill Lynch.

JPMorgan is Chicago Public Schools' choice for the direct placement of $396.5 million of notes.

S&P Global Ratings revised its outlook to negative from stable on Syracuse, N.Y.'s outstanding general obligation (GO) bonds and Syracuse Industrial Development Agency's (IDA) parking facility revenue bonds, excluding the GO bonds secured by the New York State Aid Intercept Program.

S&P Global Ratings said it may adjust certain ratings based on each insurer's "competitive strengths or weaknesses relative to its peers.”

New York City's housing agency authorized $564 million in bonds.

Robert D. Gordon joins the law firm of Jenner & Block as a partner in its restructuring and bankruptcy practice. He will be based in New York City.

Chicago is offering stronger rated utility-backed bonds but like its GO they face credit strain from pensions.

The bus operator for 12 Dallas County school districts defaulted on its June 1 debt payment and faces a voter referendum on its continued existence.

Two Illinois community colleges were downgraded by Moody’s because of the state's budget woes.

The municipal market figures to get back to a more normal issuance level this week, giving participants an array of choices.