Capital markets

Through June 30, BAM insured 11 transactions with par of $100 million or more, with four more deals coming since then, the company said.

The rating agency cited the MTA's congestion pricing program, ridership recovery, healthy liquidity levels, and continued state support for the higher rating.

Citing a "meaningful improvement in the state's balance sheet," S&P Global Ratings Monday upgraded New Jersey to A-plus from A.

The University of California is slated to price $1.5 billion in revenue bonds next week even as it battles Trump administration threats to research funding.

Hospital acquisitions, expansions and the anticipation of federal policy changes has increased bond issuance from the California Health Facilities Financing Authority.

School districts are facing many challenges, including less federal funding, increased competition, declining enrollment and inflating costs.

The port, which operates Seattle-Tacoma International Airport, received a Moody's Ratings upgrade ahead of a $761 million revenue bond deal slated for next week.

Columbia College Chicago was lowered one notch to BB-plus from BBB-minus by S&P Global Ratings, citing the school's falling headcount and diminished demand.

The airport, also selling $412.8 million of new money, will join a bevy of issuers who have deployed a tender offer in the hope of realizing refunding savings.

Port Freeport's decision to go property tax-free resulted in a revenue bond rating downgrade from S&P and raised disclosure questions.

An academic paper presented at the Brookings Institute's annual conference found that future wildfire risks are already having economically significant impacts on financial markets, municipal borrowing costs and vulnerable communities.

The county comes to market on the strength of its recovery, according to the county's financial advisor.

The top suite of firms oversaw deals amounting to more than $139 billion par value across 58% of the market.

Schools and governments turn to bonds to cover payouts in the wake of a California law that temporarily lifted the statute of limitations on sex abuse claims.

The top 10 underwriters for the first half of the year brought in more than $203 billion across nearly 2,000 issues.

The top issuers for the first half of 2025 put out a combined 89 issuances amounting to more than $39 billion in par value.

The negative outlook affects about $1.1 billion in combined GO and lease revenue debt, according to Fitch.

Moody's expects enplanements at the facility will remain below the low end of its former projections.

The county commission said it hopes to regain Moody's ratings this fall.

A year after raising its ratings to investment grade, Moody's Ratings upgraded Detroit's issuer and general obligation bond ratings again, to Baa1.