Munis

With large language models parsing EMMA filings and investor relations sites, municipal issuers must modernize their disclosure so both humans and algorithms can accurately understand their credit story and avoid unintended red flags.

"The steps that would be necessary to restore a sound fiscal profile are becoming increasingly drastic," the rating agency said in downgrading Jersey City.

A review Moody's launched in September ended with rating downgrades and negative outlooks for the city's outstanding general obligation and revenue bonds.

Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.

Municipal bond supply projections for next year range from a high of $750-plus billion to a low of $520 billion, with most firms expecting issuance to hover around $600 billion, easily surpassing 2025's record.

Omaha Public Power District will go to market the week of Jan. 5 with about $164 million of Series 2026A separate electric system revenue refunding bonds.

Four of Dallas Area Rapid Transit's 13 member cities took action to ask voters in May whether they want to withdraw from the agency.

This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.

Cintra submitted a proposal calling for four new tolled managed lanes on I-76 that would be structured as a $5 billion, 50-year design-build-finance-operate-maintain P3.

C. Christopher Trower was the lead attorney before the Supreme Court in a case that upheld states' rights to preferential tax treatment of their own bonds.

The Regents of the University of California will sell $2 billion of bonds next week after yanking a $1.5 billion summer deal amid Trump administration threats.

The revenue bonds will fund highway improvements expected to spur economic development in West Alabama.

After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.

The transaction, which supports the Navajo community in Ganado, Arizona, represents a major landmark in furthering Native American health care infrastructure, overcoming hurdles tribal governments typically face in issuing municipal debt to open a replicable path to market other indigenous health systems can follow.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

Sterling College is one of 10 federally recognized work colleges, a designation that means students are required to work as part of their courses.

November volume was $38.487 billion, up 51.1% from $25.47 billion in 2024. This is above November's 10-year average of $33.743 billion.

Legislation authorizing $1.5 billion of revenue bonds, along with fee and tax hikes, could return for a second try in 2026.

The Kerrville Public Utility Board Public Facility Corp.'s bond sale and acquisition of a state loan for the project is a tale of perseverance.

Moody's cited prospects for reduced operating deficits, generally stable enrollment and strong philanthropic support.