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Pennsylvania's prolonged budget impasse is a credit negative for school districts and community colleges that rely on state-aid distributions, said Moody's.
November 13 -
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Municipal bond funds reported inflows for the sixth week in a row, according to Lipper data released on Thursday.
November 12 -
In the week ended Nov. 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.38% from 4.35% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.
November 12 -
Rating changes are likely for hundreds of credits as Moody's Investors Service prepares a methodology revision for moral obligations, lease-revenue bonds and other appropriation-backed credits.
November 12
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New York and New Jersey announced a deal to allow a long-stalled Amtrak tail runnel project between New York and New Jersey to move full steam ahead.
November 12
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The Federal Transit Administration estimates that more than $131 billion will be needed for transit systems in poor and marginal condition, including almost $86 billion to replace infrastructure that has already exceeded its useful life, Moodys Investment Service said in a report issued on Thursday.
November 12 -
The municipal high yield sector, slumping since before the second quarter, started to rally in October.
November 12
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The New Jersey Legislature has scheduled a "fact-finding" hearing to explore legalizing marijuana as a way to reform drug laws while also raising new revenue.
November 11
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As many communities struggle, the capital necessary for investment may be hidden in plain sight with community development finance institutions.
November 11
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Maryland gets $27.9 million grant to study a 40-mile magnetic levitation train route expected to cost $10 billion.
November 10
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The SEC recently approved a new set of rules that would likely alter the behavior of one of the municipal bond market's largest, and one of the most influential, investor segments of the industry mutual funds. Surprisingly, the industry appears not to be considering its full implications outside of a few closed circles.
November 10 -
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Oklahoma system will finance almost $900 million of turnpike projects with toll revenue bonds rather than state tax revenues.
November 9 -
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