Public finance

Refinitiv Lipper reported $278.559 million of inflows into municipal bond mutual funds for the week ending Wednesday, led by exchange-traded funds.

Three utility entities associated with the development of nuclear energy in Georgia have received better rating outlooks from S&P Global Ratings.

The bonds are part of an $814 million infrastructure funding package that includes an extension of a 0.95% sales tax also approved by voters.

While acknowledging disputed allegations of mismanagement and infractions on the part of venue owner Legacy Cares, the judge denied a motion by the U.S. trustee in the Chapter 11 bankruptcy to appoint an independent trustee or dismiss the case.

"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."

California follows Midwest and Southeast states that formed hubs to go after federal infrastructure funding to develop 'clean' hydrogen fuel technology.

The annual survey shows a rising number of university leaders who are eying P3s for a range of services and infrastructure.

Costs associated with the influx of migrants could cost the city more than $12 billion over fiscal 2023, 2024 and 2025.

New York City's $1 billion deal was re-priced to lower yields and a tax-exempt and taxable deal for the NFL's Tennessee Titans new stadium priced.

Not-for-profit community hospitals are drawing scrutiny for questionable business practices.

Mercy Hospital plans to sell facilities and other assets to the University of Iowa, which approved $20 million for the acquisition.

A bipartisan bill would amend the federal law on federal disaster assistance by adding extreme heat to the list of eligible events.

Fitch joined S&P Global Ratings in assigning a gilt-edged rating to the city, ahead of a planned general obligation deal later this month.

The new class of groundbreaking, standout Hall of Famers will be celebrated at a Sept. 13 dinner to close out The Bond Buyer's Infrastructure event, which takes place on Sept. 12-13 at The Palmer House in Chicago. 

Lois Scott inducted into The Bond Buyer's Muni Hall of Fame.

"It's very rewarding to look back and say I helped that educational process get done, or I helped this hospital get financed," Hill Feinberg said.

Our friend and colleague Yvette Shields will be among those posthumously inducted into The Bond Buyer Hall of Fame. Here are some thoughts about how and why we came to this decision.

"He just made a major contribution to the industry," said Jay Goldstone, a special advisor to San Diego Mayor Todd Gloria, who was among those who nominated Schaefer for the Muni Hall of Fame.

Friends, colleagues, and industry professionals held Spiotto in high esteem as a consummate but humble voice in the municipal industry for his bankruptcy and restructuring expertise.

Unlike many in the municipal bond market, Frank Fairman's career has been spent at one firm — Minneapolis-based Piper Sandler — which he joined in 1983 as a nascent investment banker and where he has headed public finance services since 1991.