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Major bondholder Preston Hollow and the trustee for $86 million of debt sold for Mercy Iowa City in 2011 and 2018 pointed to default events.
August 1 -
July's total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, the smallest percentage drop in monthly issuance year-over-year in 2023, according to Refinitiv data.
July 31 -
The state-created agency has a plan to finally tap hitherto unused proceeds from a 2021 bond issue.
July 31 -
The second largest Texas city could be headed to a trifecta of triple-A ratings after Fitch revised the outlook on the city's AA-plus rating to positive.
July 27 -
"Yvette was everything a reporter should be — perpetually curious, tenacious, whip smart, and unafraid to ask the tough questions," said Mike Scarchilli, editor in chief of The Bond Buyer.
July 20 -
Despite efforts to pinpoint the problems that stand in the way of data standardization, solving those issues is still a long way off, panelists at the Brookings Municipal Finance Conference said.
July 19 -
The measure comes after months of dire warnings over the city's looming insolvency.
July 18 -
The one-notch upgrade to AA reflects growth in Kansas Department of Transportation available fund balances and the state's improved credit quality, Fitch said.
July 18 -
The group of banks would pay $68 million to settle the lawsuit, which originally estimated damages at $340 million.
July 17 -
Moody's boost to Aa1 to the Desert Community College District affects more than half a billion dollars of general obligation debt.
July 17