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A new train station in downtown Dallas may be the northern terminal of a 240-mile privately financed high-speed rail line to Houston.
October 22
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The trial on Detroit's debt-adjustment plan adjourned after court-appointed finance expert Martha Kopacz testified that its plan to exit Chapter 9 bankruptcy is feasible.
October 22
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Connecticut will become the latest state to issue green bonds, state Treasurer Denise Nappier announced Wednesday.
October 22
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More details on Detroit's crucial settlement with bond insurer Financial Guaranty Insurance Co. emerged Tuesday, while testimony on the feasibility of the city's bankruptcy exit plan is expected to come Wednesday, the final day of the historic trial.
October 21
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Orrick Herrington & Sutcliffe LLP and Hawkins Delafield & Wood LLP maintained their positions atop bond counsel rankings as muni volume sank in the first nine months of the year, while former No. 3 Squire Patton Boggs, fell out of the top 10.
October 21 -
Moody's Investors Service dropped its rating on Detroit's $1.5 billion of certificates of participation to C from Ca, saying proposed settlements with insurers mean recoveries well below the Ca category.
October 21 -
Work will get under way next year on D.C.'s $54 billion, 25-year transportation plan, including a new bridge over the Anacostia River.
October 21
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Chicago's general obligation bond ratings will remain pressured until the city fully fixes its pension mess, top city finance officials told alderman, while warning City Council not to expect to use reserves to ease the pain of a coming $550 million pension spike.
October 21
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A refunding deal assembled by the County of Los Angeles Redevelopment Refunding Authority triggered some positive rating actions for debt issued by the former Community Redevelopment Agency of Los Angeles.
October 20
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A Michigan authority created to oversee the disbursement of nearly $200 million of state aid to bankrupt Detroit held its first meeting in Lansing last week.
October 20 -
Lumesis and Municipal Bond Information Service have entered into a strategic partnership to increase the transparency around pre-trade indicative price information, and post-trade operational practices.
October 20 -
While finding new revenue sources for highway improvements is indeed a thorny political issue, analysts at Conning feel that the credit quality of the existing bonds remains sound.
October 20
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U.S. Bankruptcy Judge Steven Rhodes is set to rule on Detroit's bankruptcy late in the first week of November, likely putting it past the state's gubernatorial election.
October 20
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This week's new-issue activity will be led by a billion-dollar transportation bond sale from California and a trio of large deals in the Northeast region.
October 19
