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Fitch Ratings upgraded the District of Columbia’s ballpark revenue bonds Series 2006A and 2006B to AA from AA-minus, a development that Washington officials believe highlights the strong current and future position of the unique city. “This Fitch upgrade reflects our financial stability and the strong economic prospects of the district,” said Chief Financial Officer Glen

Fitch Ratings Director Tammy Gamerman said the long-term increase in frequency and intensity of hurricanes could hinder Florida’s economic growth. Hurricane Milton caused more damage that will require reimbursement from the Florida Hurricane Catastrophe Fund than Hurricane Helene did, and Moody’s Ratings believes the state may need to sell bonds to replenish the fund in

<img src=”https://public.flourish.studio/visualisation/20096840/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Friday ahead of a week of virtually no supply as all eyes turn to the election and macroeconomic policy. U.S. Treasury yields rose and equities ended up after a weaker-than-expected jobs report. The employment report underwhelmed, with just 12,000 jobs added in October, but observers

The town council in Payson, Arizona, rescinded its Aug. 21 approval of $70 million of tax-exempt bonds in the wake of ongoing litigation and opposition to the debt sale from incoming council members.AdobeStock An Arizona town terminated a plan to sell $70 million of bonds despite prevailing in a lawsuit that claimed the debt’s approval

Munis were little changed in the last session of the month and few deals of size priced, while muni mutual funds saw inflows overall but high-yield saw the first outflows since mid-April. U.S. Treasuries were mixed and equities saw losses. “The final session of October concludes what has been an upwardly trending curve all month

Nora Wittstruck is chief analytical officer for governments at S&P Global Ratings.Bear Gutierrez/Bear Gutierrez Nora Wittstruck is the new chief analytical officer for governments at S&P Global Ratings. Wittstruck takes over from Robin Prunty, who retired in August.  “One of the challenges of whomever would have taken this role is filling her shoes. She is

Chicago Mayor Brandon Johnson speaks at the Democratic National Convention earlier this year. Johnson on Wednesday unveiled his fiscal year 2025 budget proposal.Bloomberg News Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal 2025 budget that calls for a $300 million property tax increase, a move that reverses a campaign promise but avoids

The Department of Transportation announced $2.4 billion in funding for 122 rail projects in 41 states and the District of Columbia, though concerns about the future of rail and other infrastructure funding are rising.  ”Through the Bipartisan Infrastructure Law, we’re funding rail infrastructure projects that create jobs and expand workforce development, reduce costs for consumers,

Secondary trading showed a weaker tone Tuesday but the focus shifted to the primary as a large slate of new issues along the credit spectrum were priced, while U.S. Treasuries improved and equities closed the session mixed. The primary was led by two large California issues, including the state’s competitive sale of tax-exempt and taxable

A leftist candidate for Puerto Rico’s governorship has gained momentum and closed in on the front-runner, but analysts say his election would not have a dramatic impact on the future of the island’s bonds. A poll released Monday by El Vocero, a leading Puerto Rico news outlet, showed the candidate, Jose Dalmau, polling 29% compared

Municipals were little changed Monday as the market took a breather following volatility last week and ahead of what is expected to be the last sizable new-issue slate until well after the election. U.S. Treasuries were weaker and equities saw gains. The two-year ratio Monday was at 64%, the three-year at 63%, the five-year at