Capital markets

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.

The firm’s distribution capabilities across major and mid-size institutional accounts, professionally managed retail accounts, and high net worth individual accounts is a throwback to founder Archibald Bullock Roosevelt’s vision.

The finance team expects the mixed taxable and tax-exempt deal will attract ESG-minded investors.

Developers are using unrated bonds to finance a golf course-centered resort in fast-growing southern Utah.

A $430 million collaborative transaction featured the university, two asset management firms, and the New Jersey Educational Facilities Authority.

Keith A. Wakefield's alleged unauthorized and speculative trading at the former IFS Securities Inc. and his attempts to cover it up drew charges Thursday from the SEC and U.S. Attorney's office.

Ferguson regained its investment grade issuer rating by rebuilding its balance sheet while meeting federal consent decree mandates to overhaul police and court tactics.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.

Dan Hynes, who was a deputy governor in J.B. Pritzker's administration, will work in public finance and corporate investment banking at Jefferies.

Bond ratings and other positive news of late could merely paper over warning signs of another fiscal cliff.

The city's high leverage drew a two-notch Moody's downgrade ahead of a pension obligation bond deal to pay the unfunded liabilities of its public safety plans.