Munis

Moody’s Investors Service downgraded $492 million of bonds because of its revised criteria on special revenue debt.

The National Association of Municipal Advisors wants SEC staff action to protect MAs and possible eventual rulemaking to create "regulatory parity" between MAs and broker-dealers.

The committee also unanimously voted Tuesday to reverse a planned $7.6 billion cut in highway spending that’s scheduled to take effect in a year.

The complaint that seeks to void repayment of $14.3 billion of debt awaits a court decision on whether it can move forward.

Clayton noted a trend of issuers being advised that information they supply on EMMA is subject to more anti-fraud scrutiny than information provided in other ways.

At its quarterly board meeting last week, the MSRB decided to do away with Rule G-34’s provision that all municipal advisors, whether dealer or non-dealer, have to apply for a CUSIP number in competitive sales.

Proceeds will finance a 6.7-mile section of the North Tarrant Express to add four toll lanes to a section of Interstate 35 north of downtown Fort Worth.

As July winds down, muni issuance will be muffled thanks to the FOMC's monetary policy meeting.

The Miami-Dade County Expressway Authority is challenging a recent state law to abolish the agency.

GFOA is putting together a working group to address concerns about continuing disclosure in the municipal market, a topic increasingly discussed among stakeholders.

The bipartisan legislation would increase the bank-qualified cap to $30 million from $10 million, a high priority for several muni market groups.

The GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

Connecticut on Thursday sold its first bond offering since it passed a budget last month.

The San Diego Association of Governments deal, backed by a federal capital grant, is structured to allay investor concerns about funding delays.

The refunding would be completed “for traditional savings” and not for restructuring purposes, the school district says.

Prominent muni market figures will discuss the content and timeliness of disclosure at an SEC committee meeting next week.

The county contends that a state law dissolving the Miami-Dade County Expressway Authority violates its home rule authority.

Municipal bond buyers saw more supply come to market in Wednesday as retail investors kept up their confidence in tax-free bond funds.

Republican Rep. Tim Burchett of Tennessee touts his bill as “a good example of giving businesses an incentive to lower carbon emissions without forcing it upon them with regulations.”

The unrated 40-year bond issue was marketed to sophisticated institutional buyers familiar with the legal dispute between MEAG and Florida's JEA.