Munis

The rating agency delivered the latest coronavirus-related hit to the city's ratings by cutting its outlook. The city's GO bonds were affirmed at AA.

A disclosure filed with the MSRB said two rehabilitation and nursing facilities in Massachusetts were unable to make a scheduled payment due to the coronavirus pandemic.

Tom Kozlik from Hilltop Securities explores the effects of Washington variables such as political risk on states and localities. He also discusses rating agencies and muni disclosure. Paul Burton hosts.

S&P cited the state's growing structural budget gap resulting from an oil price plunge.

Phil Murphy is developing an emergency borrowing plan to combat revenue loss amid the coronavirus pandemic.

While many new-issues are still on the day-to-day calendar for next week, more are being slated to price on specific days, signaling that dealers and issuers are ready to again test the primary.

Reducing the number of workers building two nuclear reactors is a "mitigating action" to address the impact of the virus, the utility said in a market notice.

One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.

State Sen. John Moorlach thinks cities and counties should have to obtain voter approval before issuing pension obligation bonds.

Shifts in smoking habits and increasing tobacco restrictions drove two downgrades of the New Jersey Cigarette Tax Revenue Bonds.

A Florida utility continues to pursue a lawsuit against a public power agency with a stake in the Plant Vogtle project.

Municipal bond counsels accumulated $87.02 billion, up from the $75.14 billion in the first three months of 2019. The top spot remained the same but the rest of the top 10 saw a plethora of changes.

The two active municipal bond insurers insured $4.83 billion in the first quarter of 2020, an uptick from the $3.62 billion of wrapped deals done in the first three months of 2019. The year-over-year increase in the sector is noteworthy given that the primary market was shuttered for weeks in March due to the coronroavirus pandemic.

Virgin Trains USA hopes to sell tax-exempt bonds from its $600 million California allocation this summer.

S&P shifted its outlook the Illinois public universities it rates to negative as questions abound over how the state will manage revenue losses.

Due to the coronavirus, a plant in Indiana may not be able to make its bond payments.

The state will fast-track billions in road projects despite not knowing how the pandemic could impact revenues.

Among NABL's asks from Congress is to introduce a direct-pay taxable bond program through a new proposed bill.

The office of Illinois Attorney General Kwame Raoul informed a Cook County court it will not allow the Edelweiss lawsuit to be dismissed on public disclosure grounds.

Moody's Investors Service revised the Pennsylvania regional health system to negative citing revenue risks from COVID-19.