Munis

Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.

As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.

The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.

Jeffrey Scruggs, Managing Director and Head of Public Sector and Infrastructure Group at Goldman Sachs, sits down with Bond Buyer Executive Editor Lynne Funk on the state of the muni industry.

The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.

It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.

The SEC won its case against Richard Ganci and Richard Tortora of Capital Markets Advisors over conflicts of interest present in their fee arrangement in connection to a $119 million offering for the City of Rochester, New York.

While Kansas' sales tax and revenue (STAR) bond program recorded its first default late last year, Bonner Springs is considering using it for a development that includes a Mattel toy-themed amusement park.

New York City Municipal Water Authority returns to the municipal primary after a $1.4 billion deal earlier this year.

The city will leverage its own GO bonds to finance the stadium.