Public finance

"Once this week is done, that's it for the year. The following week is Christmas, and then after that, the new year," said Jeff Timlin, a partner at Sage Advisory.

Palomar Health's bond rating remains stuck at junk, but UCSD partnership offers a glimmer of hope.

Indiana Public Finance Director Dan Huge will retire effective Jan. 2, capping off a long career of public service for the state.

The company has the option to defer interest payments three times without triggering a formal default.

The Ohio State University went to market Tuesday with a $560 million deal to refund taxable Build America Bonds into tax-exempt debt.

Inflation reports may drive markets in 2026 since the labor market is "sending mixed messages," said Kevin O'Neil, associate portfolio manager and senior research analyst at Brandywine Global.

Kathryn Garcia was tapped to lead the Port Authority of New York and New Jersey as it embarks on an ambitious capital plan. 

Dallas and police and fire pension officials approved a funding agreement that ends litigation filed by the retirement system last year.

Software as a service platform Adaje has acquired bond structuring software provider Munex and hired 25-year muni veteran Jon Sidman as its chief product officer.

Democratic Sens. Chris Van Hollen from Maryland and John Fetterman from Pennsylvania are reintroducing a bill to aid the public transit sector, a funding reduction target under Trump's administration.

Next year, the "muni market could see stable to improving returns depending on yield curve positioning, with better performance possible at the long end of the curve," said Jonathan Rocafort, managing director and head of fixed income solutions at Parametric.

It is one of several P3-related recommendations the board made to Transportation Secretary Sean Duffy.

The city council president hopes the panel will override the mayor's veto of the budget this week.

The creation of state-owned banks would be uniquely impactful to help states and municipalities meet today's unprecedented short- and long-term challenges.

"The steps that would be necessary to restore a sound fiscal profile are becoming increasingly drastic," the rating agency said in downgrading Jersey City.

The New York City Transitional Finance Authority leads the new-issue calendar with $2 billion of future tax-secured subordinate refunding bonds.

Puerto Rico Gov. Jenniffer González Colón filed suit to end the island's contract with LUMA Energy for electrical transmission and distribution.

A review Moody's launched in September ended with rating downgrades and negative outlooks for the city's outstanding general obligation and revenue bonds.

The well-regarded pediatric hospital system is not alone in facing downgrades amid the myriad challenges healthcare has experienced in recent years.

The final judgment in the case was filed Dec. 10 in the U.S. District Court for the Southern District of New York.