Public finance

Moody's cut NYC's $39 billion of outstanding GOs to Aa2 citing the effects of COVID-19 and also lowered the debt rating of New York State.

The board is searching the entire government and may find a far higher losses.

Along with substantial reductions in payouts to the GO and PBA bondholders, the board is proposing a near wipe out for HTA, ERS, PRIFA rum, MBA, and CCDA bondholders.

Legislation signed into law Thursday keeps the government open and federal transportation funding flowing.

Kim Olsan, senior vice president at FHN Financial talks with The Bond Buyer's Lynne Funk about trading the municipal market in the COVID era. Olsan trades the short- and intermediate but she has some thoughts about high-yield and taxables as well. (36 minutes)

The municipal market's volume registered its fourth consecutive month of greater-than-$40 billion and the largest on record total for the month of September.

The Puerto Rico Housing Finance Authority’s deal came in three times oversubscribed and was an important step in the Commonwealth’s return to the capital markets.

The nation's largest not-for-profit healthcare system by acute care revenues is evaluating a fourth quarter sale.

In a federal complaint, they accuse the fund manager of increasing risky bets while the market was imploding from the coronavirus pandemic.

Atlanta airport bonds and a Puerto Rico housing issuer were some new offerings of note on Tuesday.

“What purpose do reserves serve if we don't utilize them in times when you have a problem?” one alderman asked.

Recent orders from the California Supreme Court in public pension cases indicate litigation on the matter has not ended.

One muni bond sector that had been a go-to for heavier allocations was utilities, according to Kim Olsan.

Build America Mutual has extended its GreenStar program to include non-insured deals as well as also being placed on the Nasdaq Sustainable Bond Network.

Chicago's $1.2 billion airport refunding will smooth out fiscal operations through next year amid a massive decline in airline travel.

The Puerto Rico Housing Finance Authority will be in the market with almost $250 million of public housing project refunding bonds.

A project to bring train service to LaGuardia Airport is closer to breaking ground despite the fiscal headwinds created by the COVID-19 pandemic.

S&P said the downgrade is the result of what is likely a one-off analytic error in 2005; the bonds in question are held by Fannie Mae and have never traded.

The firm hired seven new senior-level bankers in its fixed income division.

The public-private partnership that had been constructing the light rail line and stations has shut down construction work.