Munis

Redwood City-based Summit Public Schools had its bond rating downgraded to Ba3 from Baa3 by Moody's and its outlook revised to negative.

The Securities and Exchange has updated its frequently asked questions page for the registration of municipal advisors, providing guidance on Form MA, Form MA-I and Form MA-NR

The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

The school district's AA-plus rating is supported by strong reserves and Houston's economic strength, S&P Global Ratings analysts said.

President Biden's budget would allow large transit agencies to divert formula capital grants to operations in 2024, a move that one transit official said may hurt smaller agencies.

The Texas Education Agency, which initially sought the takeover in 2019, will appoint managers to run the state's largest public school system.

OTA has come under increased scrutiny as it embarks on a $5 billion, bond-financed project that has been challenged in court.

The collapse of Silicon Valley Bank and Signature Bank won't impact the Fed or the market enough to cause rates to drop and refunding volume to significantly increase, according to muni experts.

Thirty brokerage firms overcharged for the Santa Rosa bridge bonds after relying on data vendors who provided incorrect factors to determine the price.

Governance decisions and rapidly escalating deficits contributed to Moody's decision to cut Illinois Tech's rating two notches to speculative grade.

State Treasurer Dale Folwell said he backs the intent and purpose of the bill, which is supposed to make the bond issuance process more transparent.

Passing the Affordable Housing Credit Improvement Act could boost housing bond issuance.

Municipal securities could be exempt from the proposal and the Commission invites commenters to lay out why that should be the case.

Revenue bonds sold in 2018 for the project would be paid over seven years at lower rates under the Chapter 11 exit plan for the Bridgemoor at Plano debt.

Benjamin was mayor of Columbia from 2010 to 2021, leading the city through a time of tremendous growth.

The rating agency said it could upgrade the state's ratings over a two-year period if recent healthy fund balances are maintained.

A refinancing plan for the defaulted Legacy Cares bonds aimed to raise money to settle claims from contractors and others.

Total volume for the month was $18.303 billion in 391 issues versus $31.602 billion in 877 issues a year earlier, according to Refinitiv data.

The co-founder of the public finance practice at the firm that still bears his name has died at 96. He helped set the firms on its path to success.

Chicago's school district will tap its investment-grade dedicated capital improvement tax credit for the first time in five years in a $529 million deal.