Investments

No real clear, universal definition of ‘green’ exists and it is complicating investor understanding of the market.

Municipalities are making draws on reserves as revenues fall due to the pandemic.

Southern Co.’s long-troubled project to expand its Vogtle nuclear plant in Georgia is “highly unlikely” to meet state deadlines and is apt to face additional budget overruns, according to a local monitor.

The New York mayor's move reflects a nationwide response to protesters in the aftermath of the death of George Floyd.

Mayor Lori Lightfoot and her finance team warn that this year's budget gap is getting bigger, and that painful choices are coming without federal financial aid.

The new-issue calendar is filling up with deals formerly on the day-to-day slate, however net supply over the summer is expected to total negative $55B, including negative $15B in June, negative $21B in July and negative $19B in August.

PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.

The cities enter a primary municipal bond market prepared to absorb $9 billion of deals this week.

In secondary trading municipals ended weaker after a strong employment report.

The Queens Ballpark Co. LLC bonds for Citi Field were lowered to BB-plus from BBB by S&P, which cited uncertainties about the baseball season.

The SEC has asked for more timely, voluntary disclosure from issuers of municipal bonds.

New deals thrive and inflows continue as Lipper reports $1.2 billion into municipal bond mutual funds.

S&P Global Ratings lowered the Port Authority’s special project bonds issued of behalf of JFK International Air Terminal LLC to BBB from BBB-plus.

Orange County tourist tax collections plummeted 97% from the year earlier to $765,900 in April, the largest decline ever seen.

The University of California and California State University systems are better positioned than many higher education peers to face the impacts of COVID-19.

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

Primary market deals generated strong demand, and municipals were little changed in secondary trading.

Bond lawyer Rebecca Lawrence has joined Ballard Spahr

The bi-state agency can apply to use the Federal Reserve’s Municipal Liquidity Facility, if it chooses.

Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.