Public finance

Fitch Ratings’ recent guidance on school bond ratings won’t bring across-the-board higher ratings to California school bonds; the agency will require a legal opinion to consider such GO bonds to be special revenues in a bankruptcy case.

ALASKA

ALABAMA

Chicago Transit Authority will use a $255 million federal TIFIA loan to replace more than 800 rail cars.

ARKANSAS

ALABAMA

In the week ended March 23, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell two basis points to 4.06% from 4.08% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

States can compete for $95 million of federal grants for experiments with user-based road funding mechanisms.

Municipal finance leaders and a bipartisan group of lawmakers met Wednesday on Capitol Hill to discuss how tax laws might be eased so that more public-private arrangements could be used to finance public infrastructure projects.

The best execution rule, which took effect this week, may solidify a market shift concentrating retail customers in a few large firms, while others seek just to keep their institutional business running smoothly, market participants said.

GEORGIA

ARKANSAS

The U.S. Army’s cost-cutting efforts include renewable energy P3 power projects at installations across the country.

The risky underpinnings of Chicago’s efforts to solve its $20 billion pension mess are taking center stage this week.

ARIZONA

FLORIDA

A higher-than-expected 2015 operating loss at Illinois-based Presence Health is expected to trigger a technical default that would allow bondholders and banks to accelerate some debt repayments.

Sierra Club and other environmental groups filed a federal lawsuit to stop Colorado’s $1.8 billon P3 rebuild of I-70.

Following a consultant's scathing report, New York City Comptroller Scott Stringer's office has set out to streamline the Bureau of Asset Management.

KENTUCKY