Capital markets

Citing lingering questions about the bank's policies on financing of firearms manufacturers, the Bond Commission chose Wells Fargo for the refinancing deal.

The state will take a fresh dose of good rating news into the market when it competitively sells $400 million to fund pension buyouts and capital expenditures.

The rating agency said the upgrade reflected financial resiliency during the COVID-19 pandemic and a strong rebound in air travel demand exceeding expectations.

With less defined mechanisms than other cities, a report says, the incoming mayor has an opportunity to shape the city's reserve policy.

A Texas state law targets Wall Street banks for wading into the debate over guns.

The nation's second-largest county heads into the market next week with a GO refunding buoyed by an upgrade and an outlook boost.

The rating upgrade reflects “sustained reduction in its long-term liability burden and Fitch's expectations of a stable burden going forward."

The outlook revisions boosts a city with some $8 billion in borrowing in the works, including more than $1 billion before the end of this year.

A federal judge signed off on sanctions against IFS Securities Inc.'s former head trader for allegedly pocketing phony commissions and unauthorized trades that bankrupted the firm.

Fitch Ratings revised the Canaveral Port Authority and Port Everglades rating outlooks to stable from negative as cruise ship activity accelerates.

The Illinois State Toll Highway Authority plans $600 million of borrowing next month and $500 million next year as its 15-year-old capital program remains in full speed ahead mode.

Its deep water and access to dollars position it well, a climate expert said.

The Illinois Municipal Electric Agency will have paid off its debt by the time the Prairie State Energy Campus faces an emissions deadline to avoid an early decommissioning under new Illinois clean energy mandates.

Fitch joined Kroll and Moody's in moving Chicago's outlook to stable from negative as City Council prepares to vote on a budget and $4.4 billion in borrowing.

S&P lifted its outlook to stable on Minneapolis' AAA rating and Fitch went positive on its AA-plus rating.

Fitch Ratings changed the outlook on the city's bonds to stable from negative ahead of the deal.

Profits were up in New York City's securities industry, according to the state comptroller's annual report, even as job losses accelerated.

S&P Global Ratings affirmed the city's BBB-minus rating after debt restructurings triggered a CreditWatch placement.

A California Public Finance conference panel asked what the municipal bond industry can do better for women and minorities.

Public finance bankers predicted that 2022 could be another strong one for muni bond issuance at the Bond Buyer's California Public Finance conference.