Private university in Oregon upgraded as pandemic-related pressures ease
Fitch Ratings upgraded debt issued on behalf of the University of Portland in Oregon to A-plus from A, citing the...
Bonds
Munis underperform post CPI-led UST rally
Municipals were weaker Tuesday amid an active secondary and primary, underperforming a rally in U.S. Treasuries after the consumer price...
Bill would eliminate Puerto Rico Oversight Board
A bill to restore fiscal independence to Puerto Rico on an expedited pace was introduced in the House and stands...
Selling pressure hits munis hard, long USTs reach three-year highs
Triple-A benchmarks were cut up to nine basis points to start the holiday-shortened week ahead of a smaller new-issue calendar,...
Attorney Frank DeGuire returns to his legal roots at Quarles & Brady
Milwaukee-based attorney Frank DeGuire returned to his legal roots this week at Quarles & Brady LLP to work in the...
D.C. deal is its first P3; tax-exempts will upgrade lights, add Wi-Fi
The District of Columbia is coming to market on Tuesday with its first public-private partnership issue, a largely tax-exempt municipal...
New York governor, lawmakers agree on $220 billion fiscal 2023 budget
New York Gov. Kathy Hochul and the state Legislature have reached an agreement on the state’s $220 billion fiscal 2023...
PREPA negotiations extended as authority struggles with outage
Puerto Rico Electric Power Authority debt negotiations will likely be extended as the authority was struggling with the more immediate...
A smaller calendar awaits investors after another rough week
Municipals were weaker in spots Friday after another challenging week and the worst-performing first quarter since 1980.Triple-A yields rose one...
155 local governments lost money on public golf courses in 2020
155 local governments experienced losses in 2020 in connection with their public golf courses, in some cases losing enough money...
USVI officials say bond sale a panacea to its pension woes; skeptics remain
U.S. Virgin Islands government officials hailed its bond refinancing as a success in helping to solve the islands’ pension underfunding...
U.S. DOT needs to clarify rules for major infrastructure grant program
The U.S. Department of Transportation needs to clarify its guidelines for one of its largest surface transportation discretionary grant programs,...
New Jersey tests hybrid work from home program
New Jersey state employees would be allowed to work from home up to two days a week under a test...
Providence split with Hoag brings Moody’s downgrade
The ratings of Providence, a not-for-profit healthcare system, were downgraded to A1 from Aa3 by Moody’s Investors service following its...
Munis vastly outperform a UST selloff
Municipals greatly outperformed a large selloff in U.S. Treasuries Tuesday with yields rising to multi-year highs in the global safety...
Chicago’s convention center pockets enough taxes to cover restructured debt
The Metropolitan Pier and Exposition Authority’s tourism-related taxes — which took a pandemic-driven beating — have generated enough revenue to...
Signals point to retail return to munis, for now
Municipals were steady to firmer in spots Monday, while U.S. Treasuries strengthened inside five years but key parts of the...
Firearm, fossil fuels laws feed uncertainty in Texas muni market
The Texas municipal bond market is still trying to sort out new state laws that apply litmus tests for banks...
PREPA mediators, participants selected; Legislature excluded
Puerto Rico bankruptcy Judge Laura Taylor Swain designated the mediators and named the participants in the debt resolution process for...
Federal gas tax holiday loses momentum
House Speaker Nancy Pelosi Thursday threw cold water on measures to suspend the federal gas tax, warning the move would...
Washington Gov. Inslee signs larger budget boosted by revenues
Improved state revenue collections and federal COVID-related relief funds enabled Washington lawmakers to add $5 billion in spending to the...
