Economy

The veteran underwriter said he's excited about joining a smaller, more focused firm, where he can once again expand its competitive bidding capabilities.

A temporary injunction issued Monday blocks the removal of minority- and women-owned firms from the state's Historically Underutilized Businesses program.

The rating agency cited the prospect of lowered debt service coverage ratios in the next three years.

The Los Angeles County Metropolitan Transportation Authority sold about $900 million to refund older bonds and finance projects, including a subway extension.

Moody's said the $350 million of Series 2007 Class I bonds are on review for further downgrade.

Realty Income, a real estate investment trust concentrated in low-risk retail and industrial real estate, was the funding recipient on the $675 million deal.

KBRA revised the outlook on the Chicago Transit Authority's Series 2015 and 2016 Transportation Infrastructure Finance and Innovation Act loans to stable.

Financial mismanagement and apparent revenue diversion led to events of default for centers owned by and financed through the PFA, the bond trustee said.

Wells Fargo's Julie Barger called the investors a "who's who of buyers in the muni market" including mutual funds, ETFs, SMAs and insurance companies.

The California Municipal Finance Authority will issue $742 million in tax-exempt debt for the San Francisco Municipal Transportation Agency's first P3.

The state's latest water plan outlines $174 billion of capital water needs over the next 50 years. "The era of cheaper water is over," said one state water official.

Texas is set to become the world's largest data center market by 2030, according to JLL.

S&P cited the system's structural challenges, physical risk exposure and uncertainty about the system's overall financial and operational trajectory.

The MTA's goal to monetize its vast property portfolio could bring 300 homes to Crown Heights. 

The U.S. Department of Transportation will release $1.05 billion that was set aside by the Biden administration for the long-awaited Blatnik Bridge project.

Virginia and Georgia topped the list of high performers and Alaska and California received the lowest marks in the Reason Foundation's analysis.

The AA-minus-rated bonds come to market as the hospital sector continues to navigate through rising expenses and other challenges.

With total costs for replacement soaring $15.2 billion, the $7.65 billion of core projects will be prioritized, Washington and Oregon governors said.

Minnesota Community Energy priced $803 million of prepaid gas bonds after a delay driven by volatility from the Iran war.

Caught in the crosshairs of Trump's war on wind power, Revolution Wind fought two legal battles to continue its construction.