Moody's Assigns Stable Outlook to Mets' Ballpark Developer; Still Junk
Byline: Paul Burton Moody's Investors Service revised its outlook to stable from negative and affirmed the Ba1 rating of Queens Ballpark Co. LLC, developer of the New York Mets' Citi Field. The rating...
View ArticleEsther George: 'Unresolved Problems' May Remain
Byline: Gary Siegel With economic recovery "slow" and new lending "limited" four years after the financial crisis, Federal Reserve Bank of Kansas City President and CEO Esther L. George suggested...
View ArticleFitch Downgrades San Francisco CCD 2002 GOs to A-Minus
Fitch Ratings said it has downgraded to A-minus from A San Francisco Community College District's $28.1 million 2002 general obligation bonds (election of 2001, series A). The ratings are removed from...
View ArticleAfter Sandy, Questions about How to Prepare for the Next Storm
Byline: Paul Burton Hurricane Sandy has prompted widespread discussion about what to do, how much to spend, and who should spend it to prepare for the next huge storm that hits the Northeast. New York...
View ArticleDASNY to Sell $135M for Rochester Institute
Byline: Tonya Chin The Dormitory Authority of the State of New York is scheduled on Tuesday to sell $143 million of revenue bonds for the Rochester Institute of Technology, an independent,...
View ArticleFitch Rates 95 Express Lanes LLC TIFIA Loan 'BBB-'
Fitch Ratings assigns a 'BBB-' rating to the 95 Express Lanes LLC's (95 Express) $300 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. In addition, Fitch affirms the...
View ArticleCitrus Valley Health, Calif., COPs Outlook Revised to Positive by S&P
Standard & Poor's Ratings Services said it revised its rating outlook to positive from stable on the California Statewide Communities Development Authority's certificates of participation issued...
View ArticleHouse Panel Grills MWAA over Scathing Report
Byline: Kyle Glazier WASHINGTON a A congressional panel grilled members of the Metropolitan Washington Airports Authority board Friday morning in a hearing called to examine a scathing report on the...
View ArticleMarket Post: Munis Still Firm, but Slower
Byline: Taylor Riggs The tax-exempt market continued to climb Friday, though traders noted activity was definitely slower than earlier in the week. "It doesn't look like there is an end in sight," a...
View ArticleSaint Barnabas Health, N.J., Rating Raised to BBB-Plus by S&P
Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to BBB-plus from BBB on bonds issued by the New Jersey Health Care Facilities Financing Authority for...
View ArticleMarket Post: Buying Spree Continues with Anemic Supply
Byline: Taylor Riggs The tax-exempt market saw plenty of demand this week and muni yields fell to new record lows with each trading session. Market participants expect the rally to continue into next...
View ArticleIndustrial Production Fell 0.4% in October, Capacity at 77.8%
Byline: Kyle Glazier WASHINGTONA a Industrial production fell 0.4% in October, while capacity use slipped to 77.8%, the Federal Reserve reported Friday. The slight decline in production followed a 0.2%...
View ArticleHuber Heights CSD, Ohio, Downgraded to Aa2 by Moodys
Moody's Investors Service said it has downgraded the rating on Huber Heights City School District, Ohio, general obligation bonds from Aa2 to Aa3, affecting $79.6 million of outstanding general...
View ArticleFederal Gambling Bill Riles Massachusetts Treasurer
Byline: Paul Burton Calling it an aunwarranted and unjustified usurpation of authority [that] will be harmful to the interests of the people of Massachusetts,a state Treasurer Steven Grossman wrote...
View ArticleTwo Firms Partner on Distressed Municipal Fund
Byline: Keeley Webster LOS ANGELES a Two Los Angeles-based companies, Kayne Anderson Capital Advisors and Saybrook Capital, have formed a partnership establishing an opportunity fund that will invest...
View ArticleUniversity of Connecticut Plans $90M Refunding Sale
Byline: Paul Burton The University of Connecticut will go to market with a $90 million sale of Series 2012A refunding special obligation student fee revenue bonds. Retail pricing is scheduled for...
View ArticleIndiana Taps Team for Massive Bi-State Bridges Project
Byline: Caitlin Devitt CHICAGO a Indiana Friday picked the public-private partnership team that will build its half of the Ohio River Bridges project, saying the winning bid comes in nearly 25% below...
View ArticleAnderson, Ind., Electric Utility Bonds Upgraded to A-Minus by S&P
Standard & Poor's Ratings Services said it has raised its rating on Anderson, Ind.'s electric utility revenue bonds to A-minus from BBB-plus. The outlook is stable. "The upgrade primarily reflects...
View ArticleNew Jersey University Bond Measure a Credit Positive: Moody's
Byline: Tonya Chin Voter approval of $750 million in New Jersey general obligation bonds to fund university facilities on Nov. 6 is a credit positive for universities, Moody's Investors Service said....
View ArticleIllinois Bills Mount
Byline: Yvette Shields CHICAGOA a Illinois ended the last fiscal quarter with a pile of $5.9 billion in overdue bills, $2 billion more than a year ago even though tax collections are on the rise,...
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