Investments

With convention and hotel taxes plummeting, Lexington is financing up to three years of debt service to avoid default and backing the deal with a GO pledge.

The rating agency affirmed the U.S. at AAA but said the outlook cut reflects ongoing deterioration in U.S. public finances.

Municipal bonds finished out the month on a strong note, with yields dropping by as much as two basis points on Friday.

Municipal issuers continue to swarm the muni market with taxable muni deals, as July accounted for $42.6 billion — the highest total for the month since at least 1986.

The letter, which includes signatures by 42 Republicans, requests an enhancement to the 4% Low-Income Tax Credit.

Fintechs are facing unique challenges in the pandemic. There might be a resurgence in funding on the horizon, but startups are looking to see what they can do now to weather the storm.

The California Supreme Court upheld the state's 2013 pension reform, but said its ruling is not a reexamination of the "California Rule" on public pensions.

Gov. Murphy and the legislature have "disagreements with aspects of the bill."

Jacksonville-owned JEA and Georgia-based MEAG agreed to settle litigation over JEA's agreement to buy power from reactors under construction in Georgia.

Muni yields fell by as much as three basis points, according to readings on the AAA muni scales. However, some traders and analysts said this market is too tight given COVID-19 threats. Lipper reported $1.8 billion of inflows in the latest week.

Bi-state transportation agency seeks $3 billion of federal assistance to avoid capital plan cuts.

Whether or not infrastructure investment is included in the next stimulus bill, more is still needed, experts say.

San Francisco International Airport will issue $291 million in refunding bonds amid belt-tightening efforts driven by a massive drop in passengers.

Mayor Bill Peduto warned of significant cuts to next year's budget if the city does not receive adequate rescue assistance.

The Metropolitan Pier and Exposition Authority named underwriters and a team to sell up to $200 million of bonds to manage pandemic-driven revenue losses.

Municipals were little changed as all eyes focused on the primary.

The New Jersey megamall owners' missed mortgage payments for another property compound investor concerns.

Prominent current and former public officials and analysts broadly agree that states and localities are headed for deep financial holes without additional and substantial federal aid.

Their suit against 11 bond underwriters will be heard in a local, rather than federal, court, the lead judge said Wednesday.

Fitch Ratings cut Pioneers Memorial Healthcare District in Imperial County to BB from BBB-minus.