Munis

With Congress back in session the lobbying for infrastructure funding is heating up.

Nevada's audited 2023 financials were released more than two years after the fiscal year ended. The state controller says structural changes will reduce delays.

Ketner is Baird's second hire in the higher education and nonprofit sectors in the last 30 days.

The Westin Chicago Lombard's owner is returning to market with unrated bonds designed to cure payment defaults on debt issued to exit bankruptcy in 2018.

Aleon Metals, along with its subsidiaries, which sold more than $300 million of tax-exempt revenue bonds since 2019, filed Chapter 11 bankruptcies in August.

"Another set of eyes helps improve the deal for everybody, including the borrower, because the borrower is going to want a successful venture too," said John Miller, head and chief investment officer of First Eagle's municipal credit team.

Issuance year-to-date is at $386.689 billion, up 14.9% from $336.478 billion over the same period in 2024.

Data center projects, which are proliferating across the country, are taking advantage of tax breaks that can be costly for states and local governments.

The world's biggest opera house has been downgraded for the second time this year.

The rating agency cited increases in enrollment and improved net tuition revenues.