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Morgan Stanley analysts point to several factors that can lead to municipal bankruptcies.
August 8 -
The Tennessee State School Bond Authority has closed on a $437.7 million bond deal that will save the state $27.8 million while financing projects at colleges and universities.
August 8 -
Table as of: 08/07/2012 15:47 PM Invisible Supply Issuer and purpose Amount
August 8 -
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These reduced forecasts are likely to impair the ability of Pocahontas 895 to service the bank and Transportation Infrastructure Finance and Innovation Act (TIFIA) loans used to fund the road's development.
August 7 -
New York investment banker CastleOak Securities, L.P. has hired a co-head of municipal finance and two new fixed income sales professions.
August 7 -
The transportation infrastructure funding crisis facing governments at all levels is providing a "silver lining" in finance innovation as state governments are turning increasingly to such new tactics as variable-rate fuel taxes and mileage-based user fees, according to a report released this week by the National Conference of State Legislatures.
August 7 -
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Defense Secretary Leon Panetta's confirmation that new rounds of military base closures would not happen in 2013 benefits privatized military housing as a credit, rating analysts say.
August 6 -
The MSRB has drafted a new rule G-45 that would require underwriters or other primary distributors of Section 529 college savings plans to provide detailed information about these plans to the board’s EMMA system on a quarterly basis. But the board would not disseminate the data fight now.
August 6 -
Table as of: 08/03/2012 16:09 PM Invisible Supply Issuer and purpose Amount
August 6 -
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New York State Comptroller Thomas DiNapoli announced the appointment of Vicki Fuller as the new chief investment officer for the $150.3 billion New York State Common Retirement Fund.
August 3 -
The municipal market, sliding leisurely through its slow season, anticipates a slight uptick in issuance the week of Aug. 6. Industry estimates hold that muni bonds expected to be sold during the week should total $6.35 billion, versus a revised $5.93 billion last week. Then, the market waded through a sluggish week in the primary and secondary that did little to yields, which continue to hover near record lows.
August 3 -
State governments have had a major role in how municipalities deal with fiscal distress, says HJ Sims director of credit analysis Richard Larkin.
August 3 -
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