Due to incorrect information supplied by Fitch Ratings, Monday’s Week Ahead column included a Fitch rating for Puerto Rico’s public improvement general obligation bonds. The agency does not rate any of the commonwealth’s GOs.
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Yesterday’s story about a public-private partnership initiative in Georgia included incorrect information about the Georgia State Road and Tollway Authority. The authority was not abolished by a state law enacted earlier this year
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
