Investments

CALIFORNIA

DISTRICT OF COLUMBIA

The two counterparty banks on Detroit's interest-rate swaps no longer need to drop their claims against Syncora Guarantee Inc. after Syncora agreed to modify its settlement with the city.

A federal banking rule that doesn't classify municipal bonds as high-quality liquid assets needs to be reworked to ensure it won't impede critical infrastructure development, Sen. Chuck Schumer told regulators on Tuesday.

Texas is trying new ideas in infrastructure transportation funding to keep up with demand from a growing population.

The Ohio State University, one of the largest schools in the country, is pondering the issuance of $150 million of century bonds, which would mark its second 100-year debt sale to date.

Moments after Janney Capital Markets cited "cracks" in the foundation of state credit quality nationwide, Pennsylvania said it would have to loan money to itself to keep running.

Standard & Poor's on Friday revised its outlook on University of Iowa Hospitals and Clinics' AA rating to negative from stable over the potential strains of its big capital plans.

FLORIDA

ILLINOIS

Municipal bond fund managers are finding they can stand out from the competition and lure new investors by taking advantage of this year's flood of green bonds.

Standard & Poor's has put the ratings of two double-A level not-for-profit health systems in Illinois, Advocate and NorthShore, on Credit Watch with positive credit implications following their announcement to join forces.

Detroit and Syncora Guarantee Inc. said Monday they've reached a final settlement that is expected to accelerate the city's exit from the largest municipal bankruptcy in the U.S.

Bond insurer Financial Guaranty Insurance Co. asked the federal court to delay the Detroit bankruptcy trial for at least a week to give it time to prepare new legal strategy in light of the city's proposed settlement with Syncora Guarantee Inc.

NEW YORK

ALABAMA

A $481 million San Francisco Airport Commission sale will lead the activity in the primary market this week as part of an estimated $6 billion of new-issue volume - the highest estimated volume in almost three months.

A popular front end of the curve coupled with the placement of a century bond indicate that the market has not quite made up its mind as to what the fourth quarter may hold for the municipal market.

Problems with a bank loan led Fitch to become the second rating agency to act against Florida Gulf Coast University, placing its ratings on watch negative.

Americans strongly support tolling existing interstates if collections are dedicated to highway upgrades, according to a new poll.