Economy

States want "maximum flexibility" when it comes to implementing the $7.5 billion program in the Infrastructure Investment and Jobs Act.

Moody’s also assigned an A1 to the authority's $950 million of forward delivery refunding bonds.

S&P raised the Metropolitan Nashville Airport Authority, Tennessee's senior-lien airport revenue bonds issued for the Nashville International Airport to A-plus.

Cancellations due to fears of omicron are putting a damper on cruise bookings, says Fitch's Emma Griffith, who adds there is still a lot of pent-up demand.

Better communication will be key in future P3s, a top Maryland transportation official said.

The Federal Highway Administration has acknowledged it lacks the authority to tell states how to spend federal infrastructure dollars, AASHTO said.

Schank, who will be a managing principal at the private consultancy, said he accomplished the goals he set when he moved to LA Metro seven years ago.

While challenges abound — shuttered industries, outmigration and COVID — there are positive signs the territory’s economy can be boosted.

The Municipal Securities Rulemaking Board has launched its“innovation sandbox” which intends to enhance the use of data already available through EMMA.

The investment could repair 15,000 bridges across the country and requires states to set aside at least 15% for local bridges.

The latest round of federal aid is not enough to move the needle over the long term.

With an insolvent Highway Trust Fund, alternatives to the federal fuel tax are more important than ever.

If it clears the legal hurdle, the company that owns the $30 billion project may seek a $12 billion Railroad Rehabilitation and Improvement Financing loan.

The rating agency is keeping the not-for-profit hospital sector's outlook stable as hospitals continue to benefit from the impact of federal coronavirus relief.

The territory’s economy has continued to struggle in the past two years, with the islands’ employment down 9.5%.

The number of hospital mergers and acquisitions dropped last year and the pandemic and federal government's actions may influence the 2022 picture

It would mark only the third transit P3 in the country and would be under pressure to deliver without the problems that dogged the other two.

Hammerman has spent more than 18 years with the group, participating in a number of important policy discussions about munis.

The Internal Revenue Service and Department of the Treasury have released final guidance on the transition away from Libor, designating SOFR as an alternative rate.

Municipal volume is estimated at $1.13 billion for the opening week of 2022. Persistently strong net supply challenges will bias credit spreads tighter, credit discipline weaker in the next few years, analysts say.