Top 10 electric power bond counsel of electric power issuance accounted for $9.36 billion in 38 deals in the first half of 2024.
Orrick Herrington & Sutcliffe led the pack, accounting for $2.36 billion in nine issues for a 24.8% market share, followed by Norton Rose Fulbright with $1.64 billion in seven deals and Ballard Spahr with $1.55 billion in three transactions.
Source: LSEG
Municipals are seeing losses of 1.82% in December, which has dragged down overall gains to just 0.68% for 2024, per the Bloomberg Municipal Index.
Silver Point says it has done nothing wrong, and has retained prominent legal figures for its defense.
The bank's termination of its membership in the Net-Zero Banking Alliance ended a state review that could have led to a ban for governmental contracts.
The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.
Bond issuers are establishing common reserve funds to spur economic growth while also generating income, but risk is involved.
The Trump administration may cut the Affordable Care Act and Medicaid, which threatens to land on a hospital sector still recovering from the COVID-19 pandemic.
