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Moody's said the upgrade reflects continuing strong revenue and liquidity trends, completion of a debt-reduction program and increased pension contributions.
March 2
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Soaring inflation could pressure the ratings of utilities if they bring rate hikes that spark customer and political opposition, S&P Global Ratings said.
February 25
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Moody's Investors Service said the upgrade reflected the university's robust, sustainable operating margins supported by consistent growth in tuition revenue.
February 23
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Education and utilities were the municipal sectors that shrank the most.
February 22
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Credit strengths include strong market position and service area economic fundamentals and an expected continued strong finance performance.
February 17
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Fitch's commentary suggests a rating upgrade from BBB-minus is in the offing if the governor's proposed budget passes.
February 17
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Arent Fox and Schiff Hardin are poised to expand their public finance operations, creating a firm with more than 600 attorneys and public finance practices in four major U.S. cities.
February 15
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Stability at the state government level and the prospects of more aid in fiscal 2023 eased balance sheet pressures on Illinois' public universities.
February 15
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Fitch affirmed its BB-minus rating of the Del Mar Race Track Authority. The rating dropped below investment grade after the March 2020 stay-at-home orders.
February 14
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The previously unrated Santa Cruz Metropolitan Transit District will be the first transit agency to price debt to cover pension liabilities when it hits the market Wednesday.
February 10
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A selloff in Treasuries didn't throw Washington's deal off course, according to the treasurer's office.
February 9
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S&P Global Ratings has revised the outlook to positive from stable on the Bluegrass State and affirmed the A issuer credit rating.
February 9
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Susana Mendoza argues that a budget plan that would use surpluses to pay down bills and raise pension contributions shows the state is on the right fiscal path.
February 8
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Moody’s Investors Service elevated Idaho’s bond rating to Aaa, following a similar move by Fitch Ratings in November.
February 4
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Washington plans to sell the GOs by competitive bid on Feb. 8 to fund various projects.
February 2
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S&P said the action reflects the Orlando International Airport's financial resilience during the pandemic and its strong passenger recovery trends.
February 2
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Like peers with big endowments and strong student demand, the private university in Chicago has managed through the pandemic with its ratings intact.
February 1
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Loop acquired an investment advisory firm from BMO.
January 31
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Mark Miller will replace a retiring Jeff Freese at the helm of the KeyBanc's central team while Cain bolstered its healthcare team with Chris Whitley.
January 26
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The Texas attorney general’s office is seeking more information on Citigroup’s gun policies as the bank stages a comeback in the state’s municipal bond market.
January 25
