Capital markets

Hawaii's governor announced that state employees would be furloughed two days a month; the state sold $750 million of GO bonds in October to fund operations.

Moody's dropped the Chicago Archdiocese' rated debt by three notches to Ba1.

Conduit issuer Trust for Cultural Resources for the City of New York will issue the $77 million green transaction.

Predictably, the rating agency cited COVID-19 effects in its downgrade to AA-minus from AA.

The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.

Moody's downgraded Wisconsin's largest city by one notch due to budgetary pressures.

In retirement, he's launched a consulting firm that has several irons in the fire, including continued work on research products for Loop.

The university will begin its two-day retail order period Friday.

Ike Papadopoulos brings more than 20 years of investment banking experience, most recently with Ziegler and TD Securities.

Although November posted the lowest monthly volume total this year, issuance has already exceeded 2019's total and is on track to set a new yearly record in 2020.

The rating agency cited coronavirus-related curbs on economic activity in the commonwealth.

Fitch Ratings cited concerns about LADWP's debt leverage in setting a negative outlook.

He was remembered for an evenhanded persona amid a tumultuous term from 1990 to 1993.

The Finance Committee signed off on new money, refunding, and scoop-and-toss debt restructuring deals and finance teams to assemble and sell the bonds.

Such moves could reduce costs by up to $180 million in present-value savings, Joe Torsella said.

The state has been coping with the economic fallout of COVID-19 and a burgeoning second wave that is expected to challenge the commonwealth’s finances and burden its healthcare system.

Mayor Lori Lightfoot's budget plan strikes the right balance between structural and one-time measures amid the coronavirus, says Jennie Huang Bennett.

The rating agency cited higher leverage from borrowing plans to fund expansions and renovations and passenger traffic losses from the coronavirus pandemic.

S&P Global Ratings revised the outlook on Vermont’s AA-plus general obligation bond rating to negative from stable.

Gov. J.B. Pritzker says preservation of the investment-grade status is "very important;" Illinois bonds traded wider after the income tax referendum failed.