Capital markets

The junk-rated school district won an upgrade and saw its secondary bond market spreads narrow as it expects to pocket about $1.8 billion in new aid.

As the governor faces an impeachment inquiry, just how New York State government will function on budget and other matters is an open question.

S&P Global Ratings cut CPS Energy to AA-minus from AA, as it faces $1 billion in unbudgeted costs for buying expensive power through the state grid operator.

A consildated effort is needed for better transparency of pricing in the municipal market, especially for retail investors.

Johnson, in his announcement to run, emphasized New York’s recovery from the COVID-19 pandemic through effective use of federal stimulus dollars.

S&P moved Illinois' outlook to stable from negative amid revenue numbers that beat pandemic-driven low expectations. The rating remains the lowest among states.

The creation of the Municipal Liquidity Facility helped not only eligible entities but also those left out of using the program.

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019, picking up the pace in the second quarter after a hiccup in March when the coronavirus first put society on pause.

Jacqueline Dunn had held the interim position since last September.

Illinois' pension crater reaches more than $300 billion under Moody's formula.

Municipal bond issuers in the Southeast sold $76.91 billion of bonds in 1,152 issues in 2020, putting volume slightly ahead of 2019, according to Refinitiv data.

Refunding volume swelled in the Midwest by 53% in 2020, driving bond issuance in the Midwest to a 15.8% year-over-year increase, to more than $83.5 billion.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.

By the end of March, more than 1,700 projects will have the go-ahead to resume, according to the mayor.

Municipal bond issuers in the Southwest, despite the pandemic — or perhaps in part because of the conditions it created — set a record for annual issuance.

Northeast municipal issuers sold $129.99 billion of debt in 2020 amid the disruption of the COVID-19 pandemic.

Municipal issuers in the Southwest sold $93.5 billion of debt in 2020, a year in which the coronavirus upended the way bond business is done.

S&P said the proposed budget represents a step in the right direction but it will weigh the final budget and other developments before acting on its BBB-minus rating.

The governor wants the first full actuarial contribution in 25 years, spurring discussion about what else one of the nation's lowest-rated states should do.