Speculative grade bonds

Fallout from the Legacy Cares deal includes bondholder lawsuits against the underwriter and bond counsel, payment defaults, a Chapter 11 bankruptcy, and now fraud charges from the SEC and DOJ.

Separately managed accounts have exploded in the muni market in recent years but high-yield SMAs remain rare.

The Trump administration wants to shed federal office space, and bonds backed by those leases are feeling the heat.

S&P cited the government's improved fiscal position as a factor in the positive outlook.

The Trump administration singled out the Las Vegas-Los Angeles bullet train for praise Thursday, the same day the deal priced.

BlackRock's move comes as money continues to flow out of muni mutual funds into ETFs and SMAs.

Management is hiring a municipal advisor to evaluate its financial strategy.

The introduction of new engines in a northern power plant and the opening of a solar farm in the south have reduced the authority's operating costs.

It could be the year's largest unrated municipal bond deal.

The management team sees opportunity in pockets that other investors avoid, like American Dream, Midwestern private colleges and senior living facilities.

It's the latest mark of distress for proton treatment centers financed with speculative-grade municipal bonds.

"It's an unfortunate part of doing business," said an investor.

Nonprofit Provident Resources Group is buying a five-year old student housing building that serves the University of Central Florida and Valencia College.

The deal, which marks the city's largest special facilities revenue bond issuance, will help finance a terminal project at George Bush Intercontinental Airport.

The finance team burned the midnight oil to assemble and market one of the most complex deals in the municipal market this year.

Observers say the decision may be a credit positive for the financially struggling utility

The Metropolitan College of New York wants to sell real estate in lower Manhattan as part of a deal with bondholders allowing the school to skip a debt payment

Fears of a Hawaiian Electric bankruptcy abated after a settlement was announced that would cap the utility's liability for the Maui wildfire under $2 billion.

Recent career moves are providing firms the opportunity to expand their markets.

The three new hires, two from Nuveen and one from Lord Abbett, will report directly to the fund's manager John Miller.