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The end of the two-year budget drought in Illinois is a mixed bag for “downstream” credits.
July 17 -
Municipal bond traders are returning to work on Monday set for the week’s $7.66 billion new issue calendar. The slate is composed of $3.99 billion of negotiated deals and $3.67 billion of competitive sales.
July 17 -
The primary municipal bond market will keep chugging along next week, with participants set to see more action than they did in a fast and furious past week.
July 14 -
Municipal bond traders are waiting to see how much volume the market will encounter next week as they eye volatile muni yields.
July 14 -
Chicago is expected to take advantage of the new debt vehicle authorized in the Illinois budget.
July 13 -
The end of a two-year old budget impasse led S&P to affirm Illinois and assign a stable outlook.
July 12 -
S&P Global Ratings said it affirmed its BBB-minus rating on Illinois' general obligation bonds, and the BB-plus ratings on the state's appropriation-backed debt, which includes Chicago's outstanding motor fuel tax (MFT) revenue bonds.
July 12 -
The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.
July 11 -
There are times when there is no better alternative to a tax increase.
July 11John Hallacy Consulting LLC -
After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.
July 10