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Water contamination-related lawsuits filed in Chicago and Flint, Mich. stand to influence the sector nationally as the cases draw more scrutiny to the dangers associated with older lead pipe-based systems, Fitch Rating says in a new report.
March 4 -
Washingtons historic Arlington Memorial Bridge over the Potomac will be closed in 2021 without $250 million of repairs.
March 4
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In the week ended March 3, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose three basis points to 4.08% from 4.05% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
March 3 -
An investment banker hired as an expert witness in lawsuits challenging All Aboard Floridas passenger train service said tax-exempt financing is critical to funding the $3.5 billion project, although the private company says thats not true.
March 3
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Municipal bond trading volume fell 13% during 2015 while the overall number of trades remained relatively stable, continuing a pattern that stretches back to 2007, according to data released Thursday by the Municipal Securities Rulemaking Board.
March 3 -
A Senate bill would remove the state capacity limits for tax-exempt private activity bonds to fund P3 water utility infrastructure projects.
March 3
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The number of credit rating upgrades for states was nearly double the number of downgrades in 2015, according to an annual report released by Standard & Poors Tuesday.
March 2 -
Stability in key sectors of the municipal bond market, as well as low volatility, low risk, and a mild potential for capital appreciation will fuel solid demand for the asset class in 2016, according to John Miller, who manages or co-manages about $20 billion of munis at Nuveen Asset Management.
March 2
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Group says National Parks Service could whittle down much of its $12 billion maintenance backlog with public-private partnerships.
March 2
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Maryland has selected its preferred private partner for the multi-billion dollar Purple Line light rail project, Gov. Larry Hogan said Wednesday.
March 2
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A bipartisan bill that would provide $220 million of federal funds to Flint, Mich., as well as any other community facing a drinking water emergency, appears to be is stalled in the Senate.
March 1
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Federal officials expect to have construction agreement with private partner for a new FBI headquarters by end of 2016.
March 1
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Reps. Randy Hultgren, R-Ill., and Dutch Ruppersberger, D-Md., have launched a Municipal Finance Caucus made up of House members from both political parties who will fight to protect the tax-exempt status of municipal debt and ensure there is a robust market for municipal securities.
March 1
