Capital markets

Illinois expects to sell about $1 billion of new-money general obligation debt but the deal could grow if market conditions permit savings on a refunding piece.

This is the second time S&P Global Ratings placed New Orleans on negative CreditWatch due to long delays in publishing audited financial statements.

The city's share of American Relief Plan Act funds eased fiscal pressures and provides runway for the city to work on a pension funding fix.

Fitch affirmed the Los Angeles-area airport's A rating and raised its outlook to stable though a $1 billion terminal project stalled during the pandemic.

Fitch and S&P have now joined Moody’s in downgrading the Renton, Washington-based healthcare system’s $6 billion of bonds.

Moody's lifted Illinois one notch to Baa1, marking the state's third rating upgrade over the last year and first since lawmakers passed a state budget.

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

Fitch Ratings revised its outlook to stable from negative on the state's A-plus rating, two weeks after the state received a positive outlook from S&P.

The state’s personal income tax revenue and sales tax revenue bonds were also lifted from Aa2. Related credits were also upgraded. The rating outlook is stable.

High gas prices usually have the biggest effect on leisure travel because drivers take fewer or shorter trips, Fitch Ratings says.

The Fitch Ratings upgrade to A-plus applies to $80 million in debt issued for the University of Portland in Oregon.

The underwriters filed a defense to the court earlier this month and analysts are skeptical of MBIA’s chances of prevailing.

Oregon Treasurer Tobias Read called off a lottery bond sale planned in 2020 after lottery revenues cratered because of pandemic-related business closures.

Montebello Unified priced a $12.2 million tax-exempt refunding, but didn't execute a planned taxable tranche.

Firms remain uncertain about how state laws that apply litmus tests for banks and others seeking contracts with governmental entities impact them.

Underwriters sidelined by the state's new litmus test on firearms policies have bought many past Texas TRANs, but the state won't need to issue any this year.

The city is pricing $168 million of subordinate wastewater revenue bonds on Tuesday. The system's main plant spilled raw sewage into Santa Monica Bay last year.

Moody’s said MEAG's upgrade reflects the upgrade of Florida’s JEA Electric Enterprise ratings on Monday. JEA is to be a major customer of MEAG's nuclear units.

Moody's said its rating upgrades reflect the Jacksonville, Florida, utility's sound financial performance and governance changes.

Dallas Fort Worth International Airport will bring its first new money issue since 2017 to the municipal bond market next week, buoyed by an rating upgrade.