Investments

The rating agency lowered the outlook to stable on its A-plus rating, saying Pennsylvania didn't do itself many favors in its fiscal 2026 budget season. 

The muni market has "demonstrated more conviction with steady demand and appealing relative yields weighing on the long-end while shifting dynamics on the short-end have led to municipals selling-off," said Tim Iltz, fixed income credit and market analyst at HJ Sims.

Chicago Mayor Brandon Johnson is seeking City Council approval of $1.8 billion in new money general obligation bonds and $2 billion in refunding authority.

New cost estimates for the repair of tolled Key Bridge in Baltimore, which is already under scrutiny by the Trump administration, indicate the price could be as much as $5.2 billion, more than double the original number.

The massive I-285 East express lanes project in metro Atlanta will be procured in two phases.

The airport paired long fixed-rate debt with four- and seven-year mandatory tender bonds in the transaction honored as the Southwest region's Deal of the Year.

Moody's placed a negative outlook on the higher education earlier this year. 2026 looks even more uncertain, according to a new report from the rating agency.

Chicago homeowners face a record property tax hike after the city's downtown office buildings and other commercial real estate values fell again.

The "data dumps" over the next several weeks could lead to market volatility, said Abdulla Begai, director and fixed income portfolio management at A&M Private Wealth Partners.

Transit advocates are pushing back on the Trump administration exploring the elimination of the Mass Transit Account of the Highway Trust Fund.

Moody's cited the airport's "significant improvement in liquidity" and "continued enplanement recovery" in its decision to upgrade the rating to Aa3.

The long-awaited budget closely resembles the governor's original proposal, pared down by just over $1 billion.

Ten winners across five regions and five additional categories will be celebrated Dec. 2 in New York City, where one will be crowned the overall Deal of the Year.

Bank of America provided a letter of credit for Harvard after the Trump administration put it on a list usually reserved for vocational and beauty schools. 

Issuance year-to-date is at $505.245, just shy of 2024's record of $507.585 billion, with $11.109 billion of supply on the calendar for the week of Nov. 17.

Two House municipal finance caucus members are running for Senate next year.

The Fargo-Moorhead Metropolitan Area Flood Risk Management Project had a deadline Friday for bondholder consent to a settlement resolving construction disputes.

Negative rating and outlook revisions for U.S. K-12 public school districts rose markedly from 2024 to 2025, according to S&P Global Ratings.

For munis, the end of the shutdown helps steady the backdrop, said James Pruskowski, an investor and market strategist.

Rural providers face $137 billion in federal Medicaid cuts from the One Big Beautiful Bill Act.