Public finance

Citing a "meaningful improvement in the state's balance sheet," S&P Global Ratings Monday upgraded New Jersey to A-plus from A.

Returns for the month currently stand at 0.64%, which have "pushed muni returns back into the green with year-to-date returns of 0.09%," said Jason Wong, vice president of municipals at AmeriVet Securities.

The largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.

The Virginia Port Authority will sell bonds to finance upfront rent payments for the privately owned Virginia International Gateway.

The University of California is slated to price $1.5 billion in revenue bonds next week even as it battles Trump administration threats to research funding.

The rating agency cited stong debt service coverage and modest leverage.

Both sides of the muni market would be affected by new tax schemes being weighed by states with growing populations and dwindling revenues, according to analysts.

Six years after opening, the mall has higher sales, more attractions, and a lower property value assessment.

Issuance for the week of Aug. 11 remains elevated at an estimated at $10.713 billion, with $8.857 billion of negotiated deals and $1.857 billion of competitive deals on tap, according to LSEG.

"Nothing could delay a restructuring or a consensual deal [more] than the existing board was doing," said Assured Guaranty CEO Dominic Frederico of the Trump administration's removal of Puerto Rico oversight board members.

Generous federal support is offset by a small and volatile economy, the agency said.

Hospital acquisitions, expansions and the anticipation of federal policy changes has increased bond issuance from the California Health Facilities Financing Authority.

While UST yields "consolidate" following Friday's massive rally after the July jobs report, muni yields remain resilient, according to Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

Miran, if nominated and approved by the Senate, is only expected to serve a term that expires in January, according to the person, who requested anonymity to discuss internal deliberations.

The Local Government Commission approved issuance of notes that will be taken out gradually in the next few years.

Taylor Raymond has joined Norton Rose Fulbright as a senior counsel in its Austin and Dallas offices, according to the law firm.

Provisions of the One Big Beautiful Bill Act are beginning to take effect as the FHFA has doubled the cap on Low Income Housing Tax Credits, which should boost the issuance of private activity bonds.

The measure would lower the percentage increase in property tax revenue larger cities and counties can tap for operations without seeking voter approval.

Florida is poised to reap the rewards of spaceport financing legislation, even if some headwinds remain.

This year's portfolio growth will save the city $2.18 billion over the next five years, Comptroller Brad Lander said.