3+ day, 9+ hour ago   (358+ words) A delayed debt service payment led S&P Global Ratings on Wednesday to drop Norman Regional Health System's (NRHS) long-term bond rating to D from CC. S&P's rating report referenced the notice, noting "bond documents would be amended to revise…...

4+ day, 6+ hour ago   (809+ words) Munis sold off in parts of the curve Wednesday, as U.S. Treasuries weakened and equities ended lower. Muni yields were cut by five to nine basis points, depending on the scale. The 10-year MMD-UST ratio reached 74% and the 30-year ratio reached…...

5+ day, 7+ hour ago   (872+ words) During Frank Chin's nine years as head of Citi's public finance business, the firm ranked No. 1 in negotiated underwriting. Colleagues who worked with him say the edge was not technical expertise alone, but his ability to understand enormously complicated problems,…...

1+ week, 2+ day ago   (643+ words) Munis saw small cuts on Friday as short-term U.S. Treasuries cheapened and equities ended lower. Muni yields cheapened by up to three basis points, depending on the scale. USTs cheapened by up to four basis points, with the biggest losses at…...

1+ week, 4+ day ago   (480+ words) Munis were slightly weaker on Wednesday following Tuesday's selloff, as U.S. Treasuries saw modest gains and equities ended higher. Muni yields cheapened by up to two basis points, depending on the scale. UST yields fell by two to three basis points....

1+ week, 6+ day ago   (547+ words) The muni market faces healthy supply this week as September starts, with the focus remaining the Federal Reserve, continued headlines from the Middle East and market technicals. The story has not changed over the past several months, with continued uncertainty…...

2+ week, 4+ day ago   (421+ words) Illinois was upgraded Wednesday by Moody's Ratings. The state's issuer, general obligation bond, and Build Illinois sales tax bond ratings were raised to A1 from A2, with all related ratings enjoying the same one-notch bump. The rating lift should help the state's…...

2+ week, 6+ day ago   (1018+ words) While funded ratios remain a key barometer of pension funding risk, they do not tell the full story. Beyond simply stating what the pension owns, investors should have a clear sense of risks owned by the pension. A well-crafted pension…...

3+ week, 2+ day ago   (309+ words) Munis were little changed on Friday, as U.S. Treasuries cheapened and equities ended higher. UST yields cheapened by three to four basis points. August's ample issuance may in fact be record-setting, according to J.P. Morgan analysts led by Peter DeGroot. With one…...

3+ week, 2+ day ago   (505+ words) Trading has been brisk on Brightline West bonds as the West Coast train project continues to work to put together financing anchored by a federal loan and bank-backed equity. Roughly $37 million of senior bonds with a 12% coupon due in 2065 traded…...