Investments

The Harris School of Public Policy is launching a new course, "Careers in Municipal Finance," designed to grow the public finance talent pipeline.

The Public Service Commission said it will reconsider rates at its August meeting.

The comprehensive federal tax bill President Trump signed July 4 is credit negative for universities, Moody's Ratings said.

The market has seen some "weirdness" in the muni curve, said Craig Brandon, co-head of muni investments at Morgan Stanley Investment Management.

Noble Environmental was sued by a shareholder last year in a case that is unresolved as it plans a $250 million tax-exempt debt offering.

As long as the Oversight Board offers virtually nothing to many PREPA bondholders, the bankruptcy is likely to be tied up for years in litigation.

"Municipal outperformance against taxable sectors has moved short-term ratios on or through their 252-day moving averages, while intermediate and long maturities are holding at or above average ranges," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

New Jersey's Toms River school district was downgraded two notches by S&P after refusing to adopt a budget and discussing bankruptcy.

The U.S. territory is struggling with debt and pension liabilities as its economy remains weak and federal aid is cut back.

Moody's has downwardly revised the outlook for Baltimore's issuer rating and several classes of bonds due to a trend of declining fund balance levels in a city dependent on a major international shipping port.