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Investors should brace for further deterioration of Illinois already battered bond ratings after this weeks Fitch Ratings downgrade.
October 20
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States will be hard-pressed to maintain their credit quality if they attempt to fund infrastructure needs solely through traditional tax-exempt debt financing, Standard & Poors said in a new report.
October 20
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House Democrats want more federal highway and transit funding than provided in Rep. Shusters six-year, $325 billion bill.
October 19
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House Transportation & Infrastructure Committee is on schedule to vote Oct. 22 on a six-year highway funding bill.
October 16
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Economic study says privately financed Texas bullet train could generate billions of tax dollars for state and local governments.
October 16
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Municipal bond funds reported inflows for the second week in a row, according to Lipper data released on Thursday. Weekly reporting funds experienced $520.807 million of inflows in the week ended Oct. 14, after inflows of $714.012 million in the previous week, Lipper said.
October 15 -
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, stayed the same at 4.37% from the week ended Oct. 8.
October 15 -
Officials at major U.S. ports, speaking at an infrastructure summit, said they are receptive to exploring private-public partnerships as a funding source to meet infrastructure needs.
October 15
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The District of Columbias recent institutional investor conference is likely to lead to increased demand for its bonds, the citys chief financial officer said.
October 15
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Even as funding ratios for U.S. state pensions stabilize, state and local government workers are retiring at a higher rate than new employees are being hired and this is putting additional pressure on their pension systems, Fitch Ratings said in a report released on Thursday.
October 15 -
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Christopher Brogdon, who was at the center of more than a dozen problematic healthcare municipal bond deals for which at least $2 million was unaccounted for, will resign from the board of healthcare firm AdCare.
October 14
