Munis

It is feasible that not all COVID-19 filings are or will be material but one may want to err on the side of caution in this regard.

Voters overwhelmingly signed off on local school bond and revenue requests, and Milwaukee voters chose a new comptroller.

More issuers are missing bond payments and deadlines for filing annual financials; the Roman Catholic Church of the Archdiocese of New Orleans filed for bankruptcy partially blaming COVID-19, affecting $41 million of bonds.

Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing.

An indefinite closure of New York retail businesses during the COVID-19 pandemic added credit pressure on revenue bonds issued for the state’s largest mall.

IRS General Counsel Michael Desmond said Wednesday his office has received “a number of requests” for extending deadlines.

Uncertainty surrounding whether colleges and universities can safely open their doors this fall adds stress to the already challenged higher education sector.

The city will ask the Louisiana State Bond Commission to authorize issuing up to $100 million of revenue notes.

The Fitch downgrade to A-plus from AA-minus affects nearly $2 billion in debt.

The board of the troubled Jacksonville, Florida, utility voted to hire Paul McElroy as interim CEO.

Mark Kim, MSRB chief operating officer, predicted even more disclosures in the near future.

The IRS also announced temporary guidance providing relief for the calendar year 2020 regarding the reacquisition of qualified tender bonds and commercial paper.

The SEC encouraged issuers to provide investors with forward-looking information as to how the pandemic will affect future finances.

Moody's downgrades regional public university two notches to Baa3 ahead of a $52 million revenue refunding bond sale.

S&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.

Issuance in the public finance sector is likely to contract in 2020, S&P Research says.

April finished with $23.7 billion of issuance, a 15% decline from the $27.9 billion in April 2019. Volatility from the pandemic has caused erratic swings in benchmark yields, resulting in the lowest muni volume total in the month since 2011.

Broker-dealers oppose a proposed change to MSRB's governance rule that would reserve two seats for municipal advisors.

The COVID-19 pandemic has dragged the tourist city to the verge of junk status.

Theme park and business closures and hospitality industry layoffs will make recovery difficult for Orange County and the Orlando region.