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The federal judge overseeing Detroit's bankruptcy case denied a request from major creditors, led by bond insurers, to slow down the city's fast-track schedule for approval of key bankruptcy documents.
February 25
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Holders of Detroit's general obligation bonds are among the biggest losers in the city's debt plan, and that's prompting some muni market participants to call for a fresh look at how GOs are viewed.
February 24 -
S&P raised its GO rating for Amherst, Mass., home of the University of Massachusetts, to AA-plus from AA, citing the town's strong budgetary performance.
February 24 -
Federal Railroad Administration gave California's bullet train authority another 90 days to come up with $180 million of state match for federal spending.
February 24
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The judge overseeing Detroit's bankruptcy case released a schedule Monday that sets hearings through June to consider the city's effort to shed its debts and move out of Chapter 9.
February 24 -
Detroit is being cautious about its revenue projections and its ability to enter the capital markets over the next decade, according to documents filed in bankruptcy court.
February 24
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After almost a decade of shrinking business and muddied prospects, the bond insurance industry ended 2013 having tackled at least one major milestone: get penetration back on the upswing.
February 23 -
State and local government revenue growth and expectations for higher interest rates last year were the main contributors to a 12.1% decrease in note issuance, municipal managers and analysts said.
February 23
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Housing and development were growth sectors in the 2013 bond market as others fell sharply in the second half of the year.
February 23
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New issue supply in the municipal market was down during 2013, largely driven by a major slowdown in refunding deals during the second half of the year.
February 23 -
The municipal market will see a small boost in issuance next week even as total volume remains low.
February 23 -
Puerto Rico bond yields rallied Wednesday and Thursday, in a sign of hope for a successful bond sale next month.
February 21 -
The bond insurers that wrap a chunk of Detroit's unsecured debt blasted the city's debt adjustment plan filed in bankruptcy court Friday, joining a chorus of criticisms from the municipal bond market.
February 21
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Detroit filed a proposed plan of adjustment that lays out how the city hopes the bankruptcy court will treat its $18 billion of debt, including major cuts to bondholders.
February 21
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Detroit's pension funds can file a direct appeal of the federal bankruptcy court's decision that the city is eligible for Chapter 9, a process that will run parallel to the city's Chapter 9 case.
February 21 -
