Public finance

The day's big new-issue slate was led by the pricing of the New York State Urban Development Corp.'s $1.3 billion deal.

Board says it has prevailed in past legal struggles with the local government.

Its $400 million GOs attracted investors, resulting in a record low interest cost of 2.31%, according to state Treasurer Shawn Wooden.

Municipals finished weaker on Tuesday amid Treasury weakness and equity strength.

The projected shortfall is $100 million higher than in late April, but a downgrade is unlikely, an analyst says.

Bondholders hope to negotiate a deal before July 15.

The $779 million refunding will capture present value savings while pushing off some debt repayments for budget relief that Fitch called "reasonable."

The deadline to pass the city's fiscal 2021 spending plan is two weeks away and it faces a $9 billion gap.

Andy Dillon and Michael Imber from restructuring firm Conway MacKenzie explore creative options for states and cities coming out of the coronavirus pandemic. Paul Burton hosts.

With almost half of June being done and dusted, yield movement is nearly unchanged from May’s closing levels, sources said.

The Wisconsin health system's ratings have weathered the early impact of COVID-19 on its balance sheet, although S&P revised its outlook to negative.

The trend should continue, unless coronavirus-related enrollment losses force an end.

S&P moved its outlook on St. Louis' rating to negative due to the budgetary pressures posed by the pandemic

New York, Texas and Pennsylvania issues headline the new-issue slate.

Flynn joined the Cleveland-based firm’s Indianapolis office as a managing director.

House Natural Resources Committee Chairman Raul Grijalva last month introduced a bill to amend the 2016 Puerto Rico Oversight, Management, and Economic Stability Act.

Shifting to smaller annual increases — after a 36% turnpike hike in September, the first in eight years — is credit positive, according to one rating analyst.

Proceeds from the sale would go to providing direct grants to non-profit organizations.

Yields on the long end of the curve dropped as much as seven basis points while very short yields rose.

With data from the two worst months of the year so far, state and local analysts are beginning to size up expected revenue losses.