Public finance

KBRA senior managing director William Cox, when discussing lessons learned from the Puerto Rico debt crisis at the recent AFGI Puerto Rico Bankruptcy Risk Summit, noted that the behavior of management sends "strong signals regarding credit character," in this case "chronically late financial statements."

At the recent AFGI Puerto Rico Bankruptcy Risk Summit, Matt Fabian, partner and lead analyst at Municipal Market Analytics, noted that investors "would like to have more distinguishing between credits, but market realities limit their ability to do so."

Adam Bergonzi, Chief Risk Officer of National Public Finance Guarantee, said at the recent AFGI Puerto Rico Bankruptcy Risk Summit that the event was created as a rebuttal to an "oft-heard sentiment" that the commonwealth's bankruptcy was an anomaly.

Jennie Huang Bennett is seen as the front-runner as the municipal bond market awaits the Chicago mayor-elect's fiscal picks.

Critics pointed to the agreement's failure to lower operating costs and its "very favorable" treatment of Assured Guaranty.

The 30-day net supply is now at negative $17.2 billion, a muni strategist said on Monday.

The issuer launched a new investor relations website in advance of its bond sale Tuesday.

High Point plans to take on a new round of debt to finance several water and sewer projects.

The top three bond proposals — all in excess of $1 billion — won easy approval even as some large school district measures fell short.

Taxable municipal bonds have been in the spotlight of late and investors are eating them up.

The University of Texas System will bring $386.8 million of refunding bonds to market this week.

The restructuring is expected to save PREPA and Puerto Rico residents about $3 billion in debt service payments over the next 10 years.

Sometimes you can get what you want as well as what you need as muni buyers get set to see $6.5 billion of new issues.

The Securities Industry and Financial Markets Association said to manually input the data would require more time and staff.

Baltimore's $85 million general obligation bond deal is expected to sail into the municipal bond market without fallout from the resignation of the mayor.

The Pennsylvania Turnpike Commission won a lawsuit by truckers over tolling, but still faces questions about how it will manage its $11.8 billion debt load.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.82% from 3.87% the week before.

The board wants to recover more than $1 billion in payments and fees on bonds it deems illegal.

Bond buyers saw the Massachusetts EFA and Milwaukee as the last new deals closed up shop.

The governor accused the Oversight Board of having “overstepped its boundaries, making it an even more undemocratic entity.”