Investments

Meanwhile in New York, the state doubles down on climate investments and restricts investments in some big oil and gas companies as the city blasts several big banks as they pull out from the Climate Action 100+ initiative.

Moody's Investors Service placed the university under review for downgrade, citing in part debt that would be issued to purchase the University of Phoenix.

This decision will accelerate foreign buyers' reduced presence in the muni market, said Vikram Rai, head of municipal markets strategy at Wells Fargo.

Photos from The Bond Buyer's annual National Outlook Conference.

The proposed $1 billion bond measure would fund port improvements needed to push the state's nascent offshore wind power industry forward.

Municipal bond mutual funds saw the second week of outflows, with LSEG Lipper reporting $142.2 million of outflows for the week ending Wednesday. High-yield funds saw inflows.

Fitch said its upgrade "reflects the removal of the asymmetric additional risk relating to potential general fund exposure to the county's enterprise sewer system … which reflects the system's recent restructuring of its outstanding debt."

David Brownstein, who helped Jefferson County, Alabama, and Detroit return to market after bankruptcy, has opened a new firm that is advising the Oversight Board on its plan of adjustment for PREPA.

The Chicago Park District Board of Commissioners unanimously approved three ordinances laying the groundwork for up to $37 million new money bonds and a tender.

The terminal project grants come as air traffic officially recovered to pre-pandemic levels last year.

The decision to add Early is a positive sign the Treasury understands the importance of the municipal market and having its own expertise it can call on.

Louisiana, Georgia, Tennessee and Illinois have transportation P3s on tap, and the Army Corps of Engineers is advancing its first four P3 programs.

From bridge replacements in the Pacific Northwest and Midwest to prioritization of high-speed rail systems, here are 5 major projects to watch.

Municipal Market Analytics is expanding its business development arm.

The Turnpike Authority of Kentucky approved a resolution authorizing the issuance of up to $250 million of economic development road revenue refunding bonds.

Despite losses, munis are still outperforming USTs and corporates on a month-to-date and year-to-date basis, noted Cooper Howard, a fixed-income strategist at Charles Schwab.

Bellevue, Nebraska plans to issue $60 million in municipal bonds and establish a "good life district" to build a 100,000-square-foot indoor water park.

The rating agency cited traction on its financial turnaround in revising the outlook on the junk-rated hospital to stable from negative.

The upcoming fiscal 2025 budget will take "some first steps" to address a structural gap of about $158 million, Melissa Dubowski said.

Messina, a veteran public finance lawyer, will focus on senior living and life-plan communities.