Economy

The Central Basin Municipal Water District was downgraded three notches to Baa1 by Moody's, which assigns a negative outlook.

The Municipal Securities Rulemaking Board named Gary Hall as its next chair and Edward Sisk to become vice chair. It also temporarily cut fees to reduce excess reserves by $2.6 million.

School districts, higher education institutions and healthcare providers could feel the pinch, according to Eric Kim of Fitch Ratings.

Existing home sales fell 0.6% to a seasonally adjusted 5.38 million-unit rate in June.

The Chicago Fed National Activity Index for June reversed to positive 0.43 from a downwardly revised negative 0.45 in May.

The measure was the latest in a series of proposals that have been shot down because of divisions between county leaders.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

RBC is adding to its team even as smaller underwriting spreads have driven some players to reduce staff.

MSRB is seeking comments on a revised set of potential draft amendments to its rules on primary offering practices and related disclosures that it says would benefit the market for relatively limited costs to participants.

A motion for summary judgment by Indian River and Martin counties contends that the privately owned project isn’t eligible to use the private activity bonds.

An amended master trust indenture will reflect the combined finances of the largest health systems in Illinois and Wisconsin.

The study adds to the growing body of findings by think tanks and credit rating agencies that highlight the pitfalls states face when considering new taxes on e-cigarettes and marijuana because of the changing habits of American consumers.

Manufacturers report continued expanding in July, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported “widespread increases for purchased inputs.”

The sharp decline in trading spreads since 2005 was driven mainly by regulation and technological changes, according to the MSRB's chief economist.

U.S. new-home groundbreaking and permits fell in June to the slowest pace in nine months.

NYC Comptroller Stringer is calling on the state legislature to approve a municipal bond act to help the MTA fix "ADA Transit Deserts" that leave senior and disabled New Yorkers stranded.

The clinic will privately place the debt with buyers internationally and in the U.S.

The Nacogdoches County Hospital District took a nine-notch downgrade as it prepares to file for bankruptcy.

Builders’ confidence in the market for new single-family homes held steady as the National Association of Home Builders' housing market index remained at 68.

An SEC advisory committee heard critics say the muni market is lacking in pre-trade price transparency and that hurts retail investors. But industry officials said MSRB rules have vastly improved muni market transparency.