Sell side

California's state water board asked IBank to issue $650 million in water revenue bonds.

The Missouri-based firms say they will boost client relationships and expand capabilities with the pending merger, which will retain the L.J. Hart & Co. brand.

The downgrades for Alaska's largest city come less than two months after the mayor set returning the city's ratings to AAA as a goal in his fiscal 2023 budget.

Municipal underwriting fixture, Jaime Durando, announced his retirement from the industry after more than 30 years.

Enrollment and inflation-adjusted net tuition trends are negative.

Investment bank expands with three former Citigroup muni veterans at the helm.

The strength of the California economy suggests it deserves higher ratings, CreditSights said, but slowing revenues could mean the state's credit has peaked.

The two hires boost Bancroft's muni staff to 11 in offices in Dallas, Fort Washington, Pennsylvania, and San Mateo, California.

Steve Genyk, head of middle markets, will assume leadership of the public finance team on an interim basis, the firm said.

With interest rates expected to keep rising, the deal will tap all of the remaining authorization from the $3.5 billion Rebuilding Michigan bond program.