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Two universities at opposite ends of the state received Moody's downgrades this week.
June 28 -
In the first half of 2024, winding-down federal aid, a resurgence of Build America Bond refundings and election uncertainty have contributed to the surge in issuance, said James Welch, a portfolio manager at Principal Asset Management.
June 28 -
In 2024, variable rate (short put) issuance is up 6.4% increase year-over-year, LSEG data shows. Few expect issuance to return pre-financial crisis levels.
June 26 -
Finance officials for the city decided to be the first municipal issuer to use the distributed ledger technology for a $10 million deal, banking on cost savings, better liquidity and more access for retail investors to their bonds. Mayor Tom Koch, CFO Eric Mason and Strategic Asset Manager Rick Coscia say it should be the first of many deals for the industry.
June 25 -
Total volume currently stands at $224.13 billion, up 38.5% from $161.848 billion at this time last year. As the end of the first half approaches, several firms are revisiting their supply projections for the year, given the growth so far this year.
June 25 -
With the "pretty good run" month-to-date, it would not be unexpected to see "the market take a breather, and with a large calendar this coming week, it may again move sideways," said AllianceBernstein strategists in a weekly report.
June 24 -
The low-investment-grade offering for a high-profile public private partnership stood out in a crowded airport sector.
June 24 -
Matthew McQueen, Head of Municipal Banking and Markets and Global Mortgages within the Global Markets business at Bank of America, sits down with Bond Buyer Executive Editor Lynne Funk to talk about getting deals done amid an uncertain global macroeconomic landscape.
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S&P Global Ratings dropped Houghton University to BB-plus from BBB-minus, citing a track record of deficits plus a large operating shortfall.
June 20 -
The one-notch upgrade from Fitch Ratings comes as the county plans to to sell up to $900 million in two lease revenue bond deals this summer.
June 14