Munis

Moody's has raised the senior bonds to Aa1 from Aa2 and assigned a stable outlook to them.

Litigation filed by environmental groups aims to reverse actions taken by the agency's board since it was restructured by the state legislature in 2022.

The three new hires, two from Nuveen and one from Lord Abbett, will report directly to the fund's manager John Miller.

The top five bond financings came in above $8 billion.

"That's great news, and it reflects the outstanding work and commitment of our city council and my administration to keep Tampa on rock-solid financial footing," said Tampa Mayor Jane Castor.

Two former Congressional staffers offered insight into how the debate may play out, but said the industry needs to be vocal and educate lawmakers how bonds help their district.

Carbon capture and broadband funding stalemated by questions over regulations

The city of Clyde defaulted in August and recently revealed it used debt proceeds for debt payments in a manner that "disguised the deficit cash flow."

The record pace of municipal bond supply this year is driven in part by cities and states realizing projects won't get any cheaper if they wait.