COVID-19 brought the primary to a standstill in March and April. The municipal market is now set to eclipse $450 billion of issuance in 2020, a record.
Bridge funding from a lame-duck Congress could help plug operating deficits and stave off doomsday measures, agency leaders insist.
Conduit issuer Trust for Cultural Resources for the City of New York will issue the $77 million green transaction.
A bipartisan group of eight senators on Wednesday released further details of their $908 billion framework for emergency aid, including $160 billion for state and local governments.
Task forces studying three proposed toll road projects failed to conclude if there is a need for the new corridors or modifications of existing roads.
Predictably, the rating agency cited COVID-19 effects in its downgrade to AA-minus from AA.
Ratings analysts see a darker outlook for higher education in 2021 as the effects of the pandemic continue to erode revenues and enrollment.
A majority of economists surveyed by SIFMA expect a swoosh-shaped recovery, while 20% saw a W-shaped recovery, with a double-dip decline.
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A majority of economists surveyed by SIFMA expect a swoosh-shaped recovery, while 20% saw a W-shaped recovery, with a double-dip decline.
December 8
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The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.
December 8
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Jonathan Ballan, co-chair of the public and project finance team at Cozen O’Connor, calls for new categories of tax-exempt bonds to help urban areas redevelop from COVID-19. He also makes a deeply personal appeal to tighten cybersecurity laws. Northeast Regional Editor Paul Burton hosts. Recorded Nov. 19. (27 minutes)
December 8
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The primary's diversity of credits and size relative to November has grown, but it is just not enough to push yields higher as redemptions flood the market. Some analysts still say a mild correction at least is due.
December 7
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'Exceptionally accommodative' monetary policy expected as inflation remains short of the Fed's 2% target, according to BNP economists.
December 7
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City Administrative Officer Richard Llewellyn recommended laying off nearly 1,000 police officers in a 144-page budget report.
December 7
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The treasurer was released from the hospital Friday after being treated for COVID-19. Louisiana, like most of the country, is seeing a sharp increase in cases.
December 7
