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Standard & Poor's upgraded a greater percentage of local government credits than it predicted it would, on a quantitative basis, when it applied new criteria to those ratings over the past year, the rating agency said in a report.
By Naomi JagodaOctober 6 -
The Internal Revenue Service is calling for applications and nominations to fill two upcoming vacancies on the tax-exempt bonds subcommittee of the Advisory Committee on Tax-Exempt and Government Entities.
By Naomi JagodaOctober 3 - Washington
The District of Columbia is planning to price roughly $523 million of general obligation bonds next week and strong demand is expected both because of improved ratings and the fact that its been awhile since D.C. issued long-term, fixed rate GOs, said D.C. Deputy Chief Financial Officer and Treasurer Jeffrey Barnette.
By Naomi JagodaSeptember 30 - Washington
Bonds issued for a District of Columbia charter school in 2007 have been downgraded to B-minus from B-plus by Standard & Poor's because of pending litigation, the rating agency said Friday.
By Naomi JagodaSeptember 29 - Washington
Former District of Columbia Treasurer Lasana Mack was reported missing earlier this month, and a body found in a Maryland park is believed to be his, police said.
By Naomi JagodaSeptember 24 -
Three more Midwestern issuers have said that they can redeem Build America Bonds issued in 2010 because their subsidy payments from the federal government have been reduced due to sequestration.
By Naomi JagodaSeptember 23 -
President Obama on Friday signed a continuing resolution that allows government programs and services to be funded until Dec. 11.
By Naomi JagodaSeptember 22 -
Two issuers in Colorado and one in Pennsylvania have recently disclosed that the Internal Revenue Service is auditing some of their refunding and/or single-family mortgage bonds.
By Naomi JagodaSeptember 22 -
Existing home sales fell 1.8% to a seasonally adjusted 5.05 million-unit rate in August from a revised 5.14 million pace the previous month, the National Association of Realtors announced Monday.
By Naomi JagodaSeptember 22 -
The discussion in Washington D.C. about corporate inversions has implications for the municipal bond market, a Treasury Department official told bond lawyers meeting here.
By Naomi JagodaSeptember 19