Munis

After the latest cyberattack struck a K-12 school system, rating agencies and muni market participants warned of an evolving risk to school district issuers.

Many factors impact the performance of munis, and, this year, everything seems to be working for the positive.

Market Intelligence analyst Jeff Lipton explains how California Mello-Roos land-secured bonds can add yield and diversification, and outlines the underwriting checklist investors should use to balance development risk against structural protections.

The spending plan includes revenue-raising measures involving the bond-issuing combined utility system that have sparked concerns by the city's controller.

The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.

Macon-Bibb County, Georgia, plans to issue $350 million of debt for new sports and entertainment arena anchored by a team called the Macon Mayhem.

Riverside Unified School District scrapped plans to develop a STEM center with the local University of California campus amid a critical state audit report.

Hays County prevailed in its appeal of a district court ruling affecting nearly $440 million of general obligation bonds voters approved in 2024.

Ohio Dominican University became the latest Midwest private religious college to run into financial trouble after it missed a bond payment.

A proposed $3 billion sports and entertainment district would involve bond issuance for a Dallas Stars hockey arena and public infrastructure.

Muni bond issuers cut their median audit times from 2023 to 2024, with issuers in all governmental bond and most revenue bond sectors reducing audit timelines.

Market Intelligence analyst Jeff Lipton recaps May's muni outperformance versus Treasuries and broad fixed income, highlighting how carry, reinvestment demand and spread compression drove strong returns and helped A3 and Baa credits lead the market.

West Sacramento's baseball expansion plan would provide funding to two Yolo County school districts, backers say.

The Quincy, Massachusetts, mayor wants the city to issue debt to buy the former Eastern Nazarene campus. There is concern about the city's high debt load.

The revenue bonds would continue financing for a 15-year, $8.2 billion program to widen existing toll roads and build new ones.

With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.

S&P lifted Graham's general obligation bond and certificates of obligation rating to A from BBB due to the city's earlier-than-projected financial turnaround.

Issuers using cash basis accounting pay a yield premium to sell bonds, according to a new paper, and their bonds are less likely to trade in the secondary.

Moody's Ratings has announced a credit rating downgrade to A2 from A1 for AU, due to operating pressure which comes on the heels of a 4% tuition hike earlier this spring.

A convention center, a wastewater treatment plant expansion, and a light rail system are among projects in the city that include bond financing.