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A gradual economic recovery helped the credits of municipal bond issuers in 2013, Fitch Ratings said Wednesday, with the agency reporting that the past year witnessed fewer downgrades and more upgrades than 2012.
February 12 -
A Senate committee was warned Wednesday that the looming insolvency of the federal Highway Trust Fund could shut down transportation projects across the county.
February 12
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The Financial Industry Regulatory Authority has received dozens of filings for arbitration investors who say they were harmed by unsuitable advice doled out by UBS Financial Services of Puerto Rico when the market for the commonwealth's bonds declined.
February 12 -
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Inadequate funding for transportation infrastructure in one of the biggest issues facing the United States, the Transportation Research Board said Tuesday.
February 11
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A bipartisan proposal for national infrastructure bank funded by $50 billion of 100-year taxable bonds is a bad idea, according to the Economic Policy Institute.
February 10
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Detroit wants to file a debt adjustment plan next week as the city and creditors meet for a fresh round of talks this week.
February 10
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Sizeable deals planned in New York, Louisiana, and Texas won't do much to relieve a drought in supply this week as volume is expected to fall below $3 billion on the heels of last week's oversubscribed Illinois deal and a second Puerto Rico downgrade.
February 9
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Moody's Investors Service on Friday delivered a two-notch downgrade to Puerto Rico's general obligation bonds, a deeper, more far reaching cut than the one imposed by Standard & Poor's three days earlier.
February 7 -
Detroit officially ended an interest-rate swap termination agreement with its counterparties Thursday, a move that the city says preserves its right to pursue legal action against the banks, but said talks with the banks continue.
February 7
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Michigan officials agreed to step in to assist foundering negotiations between Detroit and neighboring counties over Detroit's water and sewer system considered key to the city's restructuring, Oakland County officials said.
February 7
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The federal Department of Transportation signs off on an $840 million loan to a seven-county toll road system around Houston.
February 7 -
Governors presented more optimistic outlooks of their states' economies and finances in their state of the state addresses this year, and many said they would pursue new spending, Moody's Investors Service said in a report.
February 7
