Capital markets

The decision follows months of turmoil that left the city without an approved budget well into the new fiscal year, said Moody's analyst Douglas Goldmacher.

Moody's dropped the city's rating a notch to A3 and kept a negative outlook on the credit. Persistent structural deficits and pension liabilities were factors.

Some Texas lawmakers are pushing legislation that could ensnare muni investment banks offering company funded access to out-of-state abortions for employees.

The 30-member syndicate plans to begin retail order pricing Wednesday with institutional sales planned for Sept. 8 on the new money and refunding GOs.

The veteran-owned and operated firm complements its continued growth with experienced public finance professional to oversee Southeast banking.

COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

S&P Global Ratings, who revised the state's GO bond outlook from negative to stable last week.

Moody's Investors Service rewarded the ongoing fiscal turnaround of Detroit's home county with a two-notch upgrade.

Raul Amezcua, who once led Stifel's California and Arizona banking teams, hired several key bankers at Ramirez & Co. since joining the firm early last year.

The Minnesota Airports Commission is also in the bond market with a $386 million deal this week, followed by Chicago's $1.77 billion transaction next week.

The rating agency highlighted the state government's recent payments to its underfunded state pension system.

Hazelwood's mayor posted a letter on the city website warning of potential bankruptcy if the city can't renegotiate its deal with a fire protection district.

The finance team on the Western Placer Waste Management Authority deal hopes to benefit from an improving market with increased inflows.

Spreads on underwriting municipal bonds dipped to below $4 per $1,000 on issues in the first half of 2022 due to heavy competition and a shrinking volume of deals — the lowest figures reported in two decades.

S&P revised the state's outlook to positive in September, which gives it a one-in-three chance of a ratings boost over the two-year outlook period.

Raymond James has brought two retired school superintendents on board in Kansas City to bolster its Missouri K-12 practice.

Fitch and S&P moved the district's outlook to stable as its balance sheet weathered the COVID-19 storm and pension overhaul legislation removes the threat of looming insolvency.

A rating upgrade by Moody's Investors Service means Minnesota has triple-A ratings from three major rating agencies.

Cleveland drew a Moody's upgrade as it was prepping an annual GO sale.

The Miami metro area saw the most private-sector job growth among all metro areas in the state in June and year-over-year.