Goldman Sachs took the top spot in underwriting public power debt, coming in at nearly $6 billion in 2023.
Source: LSEG
Cities with voter requirements face higher borrowing costs, a study found.
Washington, D.C. and the House Oversight Committee are squabbling over tax policy as the federal government weighs legislation that would prevent the city from raising taxes without Congressional approval.
"This is very good news for bankers because this value is portable," said study author Natasha Boreyko.
The Texas city needs higher rates in part to support future debt that would be issued for $1.1 billion of water supply projects that are underway.
Moody's and Fitch downgraded the school district's ratings.
While NAMA believes FA references should be eliminated, it urged the MSRB to address the proposed amendments as part of its retrospective review of MA rules.
