Moody's Keeps Michigan Schools on Negative Outlook, Challenges Persist
Byline: Caitlin Devitt CHICAGO a Moodyas Investors Service said Tuesday it is maintaining its negative outlook on Michiganas school districts a with more downgrades expected a due to ongoing challenges...
View ArticleWheel of Fortune, or Just Spin?
Byline: Paul Burton Will the proposed ferris wheel for Staten Island be a game-changer for New York Cityas forgotten borough, or are the cityas economic development officials spinning their wheels?...
View ArticleFlorida Municipal Council's 2002B Raised to A-Plus by S&P
Standard & Poor's Ratings Services said it has assigned its A-plus rating, with a stable outlook, to North Miami Beach's series 2012 utility system revenue refunding bonds, and raised its rating on...
View ArticleBerkeley County PSD, W.Va., Revenue Bonds Downgraded to A3 by Moody's
Moody's Investors Service said it has downgraded to A3 from A1 the rating on $36.2 million in Berkeley County Public Service District, W.Va., outstanding rated parity debt; the outlook has also been...
View ArticleCanyon County School District #131, Idaho, Downgraded to Baa3 by Moody's
Moody's Investors Service said it has downgraded to Baa3 from Aa3 the rating on Canyon County School District #131 (Nampa), Idaho's $130.5 million of outstanding general obligation debt. The rating...
View ArticleMortgage Applications Slip 2.2% in Week
Mortgage applications fell 2.2% in the week ended Nov. 16, as the refinance index dropped 3% and the purchase index rose 3%, according to data from the Mortgage Bankers Association's weekly mortgage...
View ArticleMarket Post: Activity Drops off as Traders Look to Next Week
Byline: Taylor Riggs The tax-exempt market quieted down very quickly late Wednesday morning as traders left muni desks for the Thanksgiving holiday and those remaining started to focus on next week's...
View ArticleLewistown Hospital, Pa., Downgraded to Ba1 by Moody's
Moody's Investors Service said it has downgraded to Ba1 from Baa3 the long-term bond rating assigned to Lewistown Hospital, Pa.'s $20.6 million of outstanding bonds issued by the Mifflin County...
View ArticleMarket Post: Traders Make Last Minute Pre-Holiday Rush
Byline: Taylor Riggs Traders in the tax-exempt market said there were only a few hours left to get work done for the week before market participants starting breaking for the Thanksgiving holiday. Most...
View ArticleWashington/Multnomah CSD 48J, Ore., Downgraded to Aa2 by Moody's
Moody's Investors Service said it has downgraded to Aa2 from Aa1 the Washington and Multnomah Counties School District No. 48J (Beaverton), Oregon's general obligation bond rating in conjunction with...
View ArticleAirport to Sell $26M
Byline: Tonya Chin Following a downgrade from Fitch Ratings, Burlington, Vt., is planning to sell $26.4 million of airport refunding revenue bonds this week. About $19.4 million of Burlingtonas...
View ArticleTFA Sells $915M in Bonds
Byline: Paul Burton The New York City Transitional Finance Authority sold $914.8 million of subordinate fixed-rate bonds on Thursday. Of that amount, $100 million were tax-exempt new money bonds, for...
View ArticleIncapital Targets Retail with Muni Platform
Byline: Jonathan Hemmerdinger WASHINGTON a A Chicago-based broker dealer has launched an electronic platform executives say will help ensure new-issue municipal bonds reach retail investors efficiently...
View ArticleMarket Close: Munis End Quiet, Steady
Byline: Taylor Riggs The tax-exempt market ended the Thanksgiving holiday-shortened week on a quiet note as limited new issuance and a lack of momentum in the market allowed for quiet trading sessions....
View ArticleUConn Saves on Refunding
Byline: Paul Burton The University of Connecticut on Tuesday issued $88 million of UConn2000 Series 2012A special obligation student fee revenue refunding bonds, with an all-in true interest cost of...
View ArticleAtlanta Fed Biz Survey: Inflation Expectations Rise in November
Byline: Market News International WASHINGTONA a The Atlanta Federal Reserve Bank's monthly survey released Wednesday showed businesses in the Sixth district raised their inflation expectations for the...
View ArticleU. of Mich. Final Nov. Index at 82.7 vs. 82.6 in Oct
Byline: Gary Siegel The University of Michigan's final November consumer sentiment index reading was 82.7, compared to the preliminary November 84.9, the final October 82.6, and the final September...
View ArticleMSRB Refines Bondholder Consent Proposal
Byline: Jonathan Hemmerdinger WASHINGTON a The Municipal Securities Rulemaking Board has proposed including two more exceptions in draft rules that would limit underwritersa ability to consent to...
View ArticleSaratoga Housing Too Lax
Byline: Tonya Chin Saratoga Housing Authorityas spending controls are too lax, according to an audit released by New York State Comptroller Thomas DiNapoli. Following public allegations surrounding...
View ArticleTulsa Dam Bond Plan Overturned by Oklahoma High Court
DALLAS a Oklahomaas plan to issue $25 million of lease revenue bonds to repair a Tulsa dam was unanimously rejected as unconstitutional Tuesday by the Oklahoma Supreme Court. The proceeds were...
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