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WASHINGTON — Executives of two rail organizations that rely on municipal bonds to finance some projects told international advisory firm KPMG that getting stakeholders and policymakers to buy into and embrace a cultural shift will be key to successfully financing large fast-rail networks.
May 10 -
Moody’s Investors Service Tuesday upgraded to B1 from B3 the rating on Southern California University of Health Science’s Series 1997 bonds and also revised the outlook to positive from negative on $7.5 million of outstanding bonds.
May 10 -
Tax-exempt money market funds generated inflows for the first time in nearly a month, as $2.84 billion of new cash flowed in and total net assets settled at $274.96 billion in the week ended May 7, according to the Money Fund Report, a service of iMoneyNet.com.
May 10 -
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Record-low long-term municipal bond yields may generate the most press these days, but investors still see the most value in the intermediate part of the yield curve.
May 9 -
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Table as of: 05/08/2012 16:25 PM Invisible Supply Issuer and purpose Amount
May 9 -
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In a sign of continued financial stress, state and local governments again cut employment in April.
May 7
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The University of Texas System Board of Regents last week said the system would contribute $25 million a year to operations of a medical school in Austin if locals provide $35 million a year.
May 7 -
Table as of: 05/04/2012 12:18 PM Invisible Supply Issuer and purpose Amount
May 7 -
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The industry needs a shake-up, Jules Kroll said. And he's trying to provide one, founding the Kroll Bond Rating Agency Inc. in 2010 with help from his son, Jeremy.
May 4
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Volume for the municipal market continues to tick down while investor demand for tax-exempt paper remains robust.
May 4 -
Fitch Ratings has affirmed its AAA rating on $92.8 million of Series 2003 variable-rate demand bonds and $101 million of Series 2002 VRDBs issued by the New Hampshire Health and Education Facilities Authority.
May 4 -
