Capital markets

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.

Soon after it sold $687.3 million of bonds, Chicago returned to market with $82.55 million for housing and economic development in a deal set to close Monday.

The ratings agency said fund balances had declined as a percent of operating revenues and are expected to decline further.

Continued state and city support for the MTA's capital projects was the primary driver for Moody's Ratings upgrade to A2.

A growing rainy-day fund helped Alaska win a Moody's Ratings upgrade, bringing the state's issuer and general obligation bond ratings to Aa2 from Aa3.

K-12 public schools get a $55 per-student increase in the state basic allotment, while other funding is allocated to specific purposes.

After the University of Idaho canceled plans to buy the for-profit online University of Phoenix, Moody's Ratings removed the school from watch for downgrade.

The twin Transportation Corridor Agencies issuers in Orange County, California, received Fitch Ratings upgrades for fiscal prudence and bond buydowns.

Primary bond market volume was up 3.6% year-over-year to $49.9 billion, according to LSEG data.

Chicago goes to market next week with $517.95 million of taxable and tax-exempt general obligation bonds following a downward outlook revision from Fitch.

This episode takes us inside The Bond Buyer's recent Southeast Public Finance Conference, where airport finance leaders from Orlando and Tampa discussed shifting passenger trends, modular capital planning, federal grant concerns, and why long-term growth still looks strong.