Public finance

FLORIDA

ILLINOIS

Municipal bond fund managers are finding they can stand out from the competition and lure new investors by taking advantage of this year's flood of green bonds.

Standard & Poor's has put the ratings of two double-A level not-for-profit health systems in Illinois, Advocate and NorthShore, on Credit Watch with positive credit implications following their announcement to join forces.

Detroit and Syncora Guarantee Inc. said Monday they've reached a final settlement that is expected to accelerate the city's exit from the largest municipal bankruptcy in the U.S.

Bond insurer Financial Guaranty Insurance Co. asked the federal court to delay the Detroit bankruptcy trial for at least a week to give it time to prepare new legal strategy in light of the city's proposed settlement with Syncora Guarantee Inc.

NEW YORK

ALABAMA

A $481 million San Francisco Airport Commission sale will lead the activity in the primary market this week as part of an estimated $6 billion of new-issue volume - the highest estimated volume in almost three months.

Americans strongly support tolling existing interstates if collections are dedicated to highway upgrades, according to a new poll.

Increasing popular kicker bonds may seem like a sure bet for investors, but analysts warn the growing demand for the bonds is increasing their risk.

IOWA

CALIFORNIA

Inflow to municipal bond funds increased even though municipal bonds sold off most of the week.

Proposed legislation in the House would cut Amtrak's funding by 40% and redirect passenger-line profits to Northeast capital projects.

Syncora Guarantee Inc. is pushing back against widely reported claims that it is receiving 26 cents on the dollar in its tentative settlement with Detroit, saying the actual recovery is “much lower than reported.”

Coalition of shippers and operators of infrastructure assets wants long-term funding for freight projects in the next federal transportation bill.

Detroit's chief bankruptcy mediator ordered FGIC, the last holdout creditor, into talks with the city and Syncora Guarantee Inc. and other major creditors on Friday to try to resolve a dispute over $1.5 billion of certificates of participation.

While experts say municipals should have been included in the new liquidity coverage ratio ruling for large banks, they are at odds over its anticipated impact.

CALIFORNIA