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"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."
August 10 -
New York City's $1 billion deal was re-priced to lower yields and a tax-exempt and taxable deal for the NFL's Tennessee Titans new stadium priced.
August 9 -
Fitch joined S&P Global Ratings in assigning a gilt-edged rating to the city, ahead of a planned general obligation deal later this month.
August 9 -
Municipals followed U.S. Treasuries firmer after markets reacted to the Moody's downgrade of several mid-sized U.S. banks. New issues saw good demand and repriced to lower yields as a result.
August 8 -
While triple-As were little changed the past two sessions, some damage was done last week, leaving market participants generally less optimistic for the final weeks of August.
August 7 -
Moody's Investors Service upgraded the Connecticut capital city's issuer rating to Baa3 from Ba2.
August 7 -
Late summer is "rarely a good time for our asset class," Barclays strategists said, noting the municipal investment grade index lost money in August three years in a row, and 2023 seems to follow this trend.
August 4 -
"The limited scope of muni debt affected suggests a marginal impact on the muni market, if any," BofA strategists said.
August 4 -
The 1998 Master Settlement Agreement from the Big Tobacco companies offers a template, but experts say the structure of the opioid settlement differs in key ways when it comes to state and local governments spending the money.
August 4 -
The Tennessee Valley Authority has $19 billion of outstanding bonds and provides power to 10 million people.
August 4