Primary bond market

S&P Global Ratings said it lowered its rating on Puerto Rico Sales Tax Financing Corp.'s (COFINA) senior sales tax bonds to D from CC on non-disbursement by the trustee of scheduled monthly interest payments due June 1, 2017, in compliance with an order of the U.S. District Court for the District of Puerto Rico.

S&P Global Ratings revised its outlook to negative from stable on Syracuse, N.Y.'s outstanding general obligation (GO) bonds and Syracuse Industrial Development Agency's (IDA) parking facility revenue bonds, excluding the GO bonds secured by the New York State Aid Intercept Program.

Municipal bond traders will see the return of the Windy City to the new issue sector as they offer a water deal one day after coming to market with a wastewater deal.

The city took the next step Monday in securing up to $10 million in bonds to finance several stormwater sewer projects over the next few years.

Following the annexation of 459.6 acres of land on the city's west side last month, Sherman issued over $6 million in bonds Monday for work on the water systems of that and several other areas.

The city of Chicago’s wastewater deal received a warm reception in a strengthening municipal market on Tuesday. as the first of the week’s supply was priced.

S&P Global Ratings said it may adjust certain ratings based on each insurer's "competitive strengths or weaknesses relative to its peers.”

Municipal bonds were stronger at midday as the first of the week’s new issue supply hit the screens.

Municipal bond traders are set to see then first of the week’s new issue supply hit the screens on Tuesday.

The Livingston Parish School Board agreed Tuesday to issue two 15-year revenue bonds totaling $38 million in debt to restore and repair flood-damaged schools.

The Hays City Commission on Thursday indicated it would not support a proposal from Hays USD 489 to use city sales tax funds for a massive capital improvement project.

Bluford Unit District 318 plans to build a roughly $6.9 million new high school addition with a groundbreaking expected in August.

Both an $18 million road bond and a $16 million public safety bond that were approved by Venice voters last November passed muster during a Thursday validation hearing.

The Shell Rock River board of managers on Friday initiated the process for issuing an approximately $1.8 million bond that is expected to include an approximately $168,000 property tax levy.

Less than a month after voters struck down a $308 million bond for the Sherman Independent School District, SISD officials have posted an online survey seeking opinions and advice on what to include in a new bond package.

The Lewiston School District secured funding for constructing a new Lewiston High School while locking in a "really good" interest rate during its bond sale Thursday.

After voters twice rejected proposals to issues bonds to pay for a new school and major repairs, school board members now are considering borrowing what they can without voter approval to pay for state-mandated improvements.

Hunt County has received some impressive marks concerning plans to issue bonds for the $24 million road bond package approved by voters in November.

Municipal bonds ended unchanged on Monday, according to traders, who were looking ahead to the week’s new issue slate.

Chicago is offering stronger rated utility-backed bonds but like its GO they face credit strain from pensions.