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Honolulu plans to price $725.4 million of double-A-plus GOs next week; a significant chunk of the deal will support Oahu's troubled rail transit project.
July 15 -
A double-digit return will trigger a reduction in the California Public Employees’ Retirement System's discount rate under a risk mitigation policy.
July 14 -
Hawaii lawmakers made changes to the budget this week in response to a flurry of vetoes from Gov. David Ige.
July 9 -
The Fitch Ratings upgrade applies only to GO debt — the city's issuer default rating remains AA-plus. The GOs benefit from California’s 2016 statutory lien law.
July 8 -
Hawaii lawmakers approved the budget before Treasury guidance banned the use of federal funds for debt payments or reserves.
July 7 -
S&P Global Ratings gave California an elevated risk in the environmental category on an ESG scorecard, partly because of wildfire risks.
July 1 -
The agreement sets milestones for the project, expected to halve border wait times, to be completed by 2024.
June 28 -
Brightline Holdings will wait until 2022 to try again to finance a passenger train to Las Vegas from Southern California with tax-exempt bonds.
June 24 -
Under Hawaii's system, the governor, David Ige, signals his intent to veto and then negotiates with lawmakers before making them formal.
June 24 -
Following the change, S&P now views all U.S. public finance sectors as stable with the exception of higher education.
June 23