N.Y. City Selects Underwriter Groups
Byline: Paul Burton New York City's Mayor's Office of Management and Budget, City Comptroller John Liu's office and two of the city's financing authorities have announced the selection of underwriting...
View ArticleMichigan Gov. Snyder Signs Transit Bill
Byline: Yvette Shields Michigan Gov. Rick Snyder last week signed a series of high-profile bills that create a Detroit area regional transit authority, a lighting authority for Detroit and other...
View ArticleLhota's Departure Highlights MTA's Uncertain Future
Byline: Paul Burton Joe Lhota's prominence after Hurricane Sandy surely will affect the dynamic of next year's New York City mayor's race, assuming he seeks that office. But his departure on Dec. 31 as...
View ArticleSt. Louis Area Tax Vote Advancing
Byline: Yvette Shields Plans are advancing to ask St. Louis area voters to approve a sales tax increase to raise $760 million to fund improvements to area parks and trails, and to help service a...
View ArticleHodgkins Biosolids Project Upgraded
Byline: Yvette Shields Moody's Investors Service upgraded the rating on the village of Hodgkins, Ill. $36.6 million of Metropolitan Biosolids Management project revenue bonds by one notch to Aa3. The...
View ArticleS&P Negative on Perry Schools, Mich
Byline: Yvette Shields Standard & Poor's has revised its outlook to negative from stable on Perry Public Schools, Mich. issuer credit rating of BBB-plus because of its ongoing fiscal challenges....
View ArticleNot-for-Profit Hospitals to Be Challenged in 2013
Byline: Robert Slavin Wells Fargo Securities expects not-for-profit hospitals to experience challenging conditions in 2013. "Not-for-profit hospital margins have continued to compress due to a...
View ArticleRegulator Won't Accelerate West Penn Allegheny Review
Byline: Paul Burton Highmark Inc. and some western Pennsylvania lawmakers are pushing the Pennsylvania Insurance Department to step up its review of a proposed $475 million affiliation agreement with...
View ArticleBattles between California and Redevelopment Successor Agencies Continue
Byline: Keeley Webster LOS ANGELES a Some California cities and counties acting as the successor agencies to their former redevelopment agencies defied last Fridayas deadline to hand over millions of...
View ArticleTransportation Sector Seeking Revenue amid Chaos
Byline: Kyle Glazier WASHINGTONA a The transportation sector will spend next year looking for opportunities to achieve limited legislative goals, while hoping to stay out of the way of lawmakers who...
View ArticleYMCA of Houston Escapes Downgrade Threat Ahead of $101M Restructuring
Byline: Richard Williamson DALLASA a The YMCA of Greater Houston is no longer under threat of a downgrade by Moody's Investors Service as the nonprofit prepares to restructure its $196 million of...
View ArticleRochester, Minn., Electric Utility Takes Credit Hit
Byline: Yvette Shields Moody's Investors Service downgraded Rochester, Minn.'s electric utility revenue bonds by one notch to Aa3 because a lack of rate increases in recent years have made a dent in...
View ArticleOrange County, Calif., 2012 POBs Downgraded to Aa3 by Moody's
Moody's Investors Service said it has downgraded the rating on Orange County, Calif.'s 2012 pension obligation bonds from Aa2 to Aa3. Moody's has also assigned an Aa3 rating to the county's sale of...
View ArticleMarket Close: Munis Steady Monday; Positive Performance for Year
Byline: Taylor Riggs The tax-exempt market ended steady on Christmas Eve as most traders were home for the holidays, making for limited primary and secondary activity. The Securities Industry and...
View ArticleS&P: Housing Market to Continue Slow Growth in 2013
Byline: Tonya Chin The United States housing market will continue to improve in 2013, as long as the U.S. economy continues its slow recovery, according to a recent report from Standard & Poor's....
View ArticleMarket Post: Markets Quiet as Trading Desks Empty
Byline: Taylor Riggs The tax-exempt market was unsurprisingly extremely slow Monday morning as most traders were either working from home or not working at all on this Christmas Eve. "There is nothing...
View ArticleKansas City Ready to Roll out Streetcar Financing
Byline: Yvette Shields CHICAGOA a Kansas City, Mo., is on track to construct a streetcar line starting next year using a financial plan crafted to protect the city's general fund budget better than...
View ArticleNet New Muni Supply to Remain Paltry in 2013
Byline: Tonya Chin Major municipal bond dealers see new issue volume holding steady next year as new money borrowing stays tepid while refunding activity remains robust. Projections range from...
View ArticleSt. George, Utah, Elec Revs Downgraded to Baa1 by Moody's
Moody's Investors Service said it has downgraded to Baa1 from A1 the rating on the city of St. George, Utah Electric Revenue Bonds with approximately $60.9 million of rated debt outstanding. The rating...
View ArticleEFG-Hermes to Close in Abu Dhabi
EFG-Hermes will shut its brokerage at the Abu Dhabi Securities Exchange by the end of the month in an effort to reduce costs, reports The National The Egyptian investment bank will instead cater to its...
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