Public finance

The AA-rated city has strong reserves, according to Fitch Ratings.

Action revs up on Tuesday in the municipal bond market as several large deals get set to hit the screens while traders eye yields ahead of the big Illinois sale on Wednesday.

The most severely impacted New Jersey municipalities have largely recovered from the 2012 superstorm, according to Moody's Investors Service.

Municipal bonds held in to finish little changed on Monday as the market eyed this week’s new issue calendar, topped up by the return of Illinois with a multi-billion dollar bond offering.

City council members say they need more time to consider contract and other options.

Treasurer Denise Nappier called for sound bond-cap provisions, full funding of ARCs and adherence to a 2008 pension bond covenant.

Municipal bonds were steady at mid-session as the market eyes a chunky new issue calendar, topped up by the return of Illinois with a multi-billion dollar bond offering on Wednesday.

It's the utility's first long-term debt issuance since a court ruling that could have credit repercussions for SRP and other public utilities.

In what’s easily the largest deal of the year, Illinois is set to come to market with $4.5 billion of general obligation bonds that will help pay down a bill backlog that’s around $15 billion. The lowest-rated U.S. state has momentum going its way after last week’s successful $1.5 billion competitive GO sales -- and Illinois is hoping that success spills over into this week’s negotiated offering.

Secured by decades of future taxes from Cardinals fans, investors clamored last week for the bonds that would help to finally put the “village” in Ballpark Village.

Municipal bond market participants are returning to work on Monday looking at another chunky new issue calendar, topped by the return of Illinois with a multi-billion dollar bond offering that aims to pay off some of the state’s overdue bills.

Fitch and Kroll both raised Wisconsin's rating to AA-plus.

The board authorized Kobre & Kim to issue the subpoenas, as long as certain conditions, including the start of a "formal" investigation, had been met.

The primary muni market is set another busy week with $10 billion in new paper, as one deal from Illinois accounts almost half of the negotiated calendar.

The Illinois borrowing pitch highlights “improving” credit fundamentals and its position as the Midwest “powerhouse.”

The federal government ran an $8.0 billion surplus in September, the Treasury Department reported Friday.

BondWave LLC, announced the launch of Effi, a fixed income data warehouse platform aimed at bringing transparency to the marketplace.

The Port Authority of New York and New Jersey says it has spent almost $1 billion, with more on the way.

Augusta’s economic development agency on Thursday signed off on a $130 million industrial revenue bond issue to fund Starbucks’ plant expansion.

Chicago's proposed budget makes incremental progress, according to S&P Global Ratings.