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Short-term patch of the Highway Trust Fund is credit positive for $12 billion of state highway Garvee bonds, Moody's says. But neither it nor other major rating agencies are planning to change Garvee ratings or outlooks.
August 4
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A slew of bond-related bills was introduced in the House and Senate in the last few days before members of Congress left town to begin their five-week recess.
August 4
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A water main break that resulted in the release of an estimated 20 million gallons of water, flooding Westside Los Angeles neighborhoods and the University of California-Los Angeles campus, is reflective of problems cities across the country face as they grapple with aging infrastructures.
August 4 -
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Volume will inch up slightly from last week but remain relatively sparse as an estimated $5.81 billion makes its way to market, led by a $575 million Illinois Finance Authority revenue sale and a Rhode Island Tobacco Settlement Financing Corp. offering.
August 3
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The Sixth Circuit Court agreed to postpone hearings on a series of appeals on the city's eligibility to enter into Chapter 9 after a group of labor creditors in the Detroit bankruptcy and the city asked for the delay.
August 1 -
Inflows for all municipal bond funds fell off slightly this week from last week, but still remain fairly strong.
August 1 -
The Senate keeps transportation dollars flowing with for at least 10 months with last-minute approval of the House's $11 billion highway fund bailout.
August 1
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The Bond Buyer's muni bond indexes were mixed in the week ending July 31.
July 31 -
The House rejected the Senate's amendments to its $10.8 billion, 10-month bailout of the Highway Trust Fund on Thursday afternoon and sent its original bill back to the Senate.
July 31
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Moody's Investors Service on Wednesday released proposed changes in its rating methodology for 1,100 municipal utilities that it said would only result in rating changes, split between upgrades and downgrades, for less than 10% of them.
July 30 -
A year after Detroit filed for bankruptcy, the city's decision to put pensioners above bondholders has created an uncertain recovery environment for the entire muni sector, according to Standard & Poor's.
July 30 -
The House and Senate seem to be playing a political game of chicken with the Highway Trust Fund, sending differing bills to extend its solvency back and forth just two days before federal officials have threatened to begin cutting back on federal transportation reimbursements to states if there is an impasse
July 30 -
If the Puerto Rico Electric Power Authority were to fail to make loan payments to Citibank due on July 31, the consequences might spread beyond Puerto Rico bonds. Bad news on PREPA could also trigger a selloff of tobacco bonds, analysts speculated.
July 30
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Maryland asks four consortiums for proposals to build and finance $2.4 billion Purple Line commuter rail project.
July 30
