Homes in Larchmont, in New York’s Westchester County, which received and S&P upgrade to AAA>Bloomberg News Westchester County is ringing in the new year with a new AAA rating from S&P Global Ratings. S&P’s analysts cited growth in the county’s reserves, conservative budgeting and strong sales tax revenue as the reason for Tuesday’s upgrade from
Bonds
The St. Paul hospital campus of Children’s Minnesota. The nonprofit health system plans a bond sale the week of Jan. 13..Children’s Minnesota Nonprofit health system Children’s Minnesota will refinance some debt and take out new debt to fund an electronic records transition, renovations at three hospitals and the purchase of medical equipment. The city of
North Carolina State Treasurer Brad Briner said his appointments to the state’s Investment Advisory Committee would improve the pension system’s growth. The North Carolina Local Government Commission approved several bond deals at its meeting Tuesday. Approved were $252 million, $90 million and $45 million of bonds for Mecklenburg County, a $200 million bond for the
A yard sign in New Liberty, Iowa, in 2023. Carbon capture and storage projects, including pipelines to transport the CO2, have faced opposition from local landowners and environmental groups.Bloomberg News Carbon capture — a process with proponents and opponents on both sides of the political spectrum — may be at a pivotal point in the
<img src=”https://public.flourish.studio/visualisation/21069905/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were mixed Tuesday but outperformed the U.S. Treasury market while equities closed the session in the red. Triple-A yield curves barely moved compared to the losses in USTs, which saw yields rise over the entire curve and up to eight basis points 10-years and out, pushing ratios lower.
Denver International Airport’s Vision 100 is to serve 100 million annual passengers by 2032. “That’s a conservative estimate,” said Michael Biel, the airport’s deputy chief financial officer who becomes CFO starting Jan. 12.Denver International Airport To accommodate rising passenger volume, Denver International Airport extended its capital improvement program through 2035 and is one of the
<img src=”https://public.flourish.studio/visualisation/21055199/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Monday as U.S. Treasury yields rose slightly out long and equities ended mixed. With the steady tone Monday, muni to UST ratios fell slightly. The two-year municipal to UST ratio Monday was at 65%, the five-year at 64%, the 10-year at 66% and the 30-year
Bond financing will accelerate plans to upgrade U.S. 275 in Nebraska to an expressway, said Vicki Kramer, director of the state Department of Transportation.Nebraska Department of Transportation The Nebraska State Highway Commission has signed off on the state’s first bond issue for a highway project. The commission on Dec. 6 unanimously approved a resolution authorizing
Texas Attorney General Ken Paxton addresses the Conservative Political Action Conference in February. His office did not immediately respond to Bank of America and Morgan Stanley leaving the Net-Zero Banking Alliance and the moves’ impact on a review of the banks launched by his office in 2023 that could lead to them being banned from
“The largest share of the higher revenue is from one-time litigation proceeds and year-end accounting adjustments related to prior-year cost recoveries,” said Washington, D.C., CFO Glen Lee.Christopher Mobley The latest revenue estimate from the District of Columbia’s chief financial officer shows a positive $169.7 million bump in actual inflows compared to the estimates that were
The Proton Center of Arkansas, one of a series of struggling, bond-financed cancer treatment centers across the country.The Proton Center of Arkansas The new year rang in fresh signs of distress at a pair of long-struggling cancer treatments centers in Maryland and Arkansas financed with bonds through Wisconsin’s conduit issuer the Public Finance Authority. The
Rob Bonta, California’s attorney general, announced the $10 million settlement in the fraud case on Thursday.Bloomberg News A former Los Angeles County physician, a non-profit medical center he founded, a laboratory he co-owned, and an executive at these entities have agreed to pay $10 million to settle allegations that they submitted false claims to Medicare
<img src=”https://public.flourish.studio/visualisation/21026447/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Friday ahead of the first full week of the New Year and ahead of a $5 billion-plus new-issue calendar while U.S. Treasuries saw modest losses and equities made gains. Triple-A yields fell up to seven basis points on the one-year, depending on the scale, while UST
The 224-unit hollywoodHub affordable apartment project in Portland, Oregon, will be partly funded by municipal bonds.BRIDGE Housing Corp. BRIDGE Housing Corp. has created a new financing source for non-for-profit housing providers as the first to issue publicly offered tax-exempt bonds to finance construction of a new development. The milestone was achieved when KeyBanc Capital Markets
&amp;amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/21015256/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;amp;gt; Municipals kicked off 2025 with a stronger tone Thursday as investors began to employ January reinvestment dollars while U.S. Treasuries were choppy and closed the session mixed and equities saw losses. Investors pulled more money from municipal bond mutual funds in the final reporting week of 2024, but high-yield
Wood pellets in a Berlin depot. U.S. wood pellet production, such as Enviva’s is driven by exports, particularly to European Union countries.Bloomberg News Enviva, Inc. is the latest corporate bankruptcy to give a massive haircut to holders of municipal private activity bonds issued to fund green technology projects. “Over the last four to five years
“President Trump and I had a great meeting to discuss our shared priorities for the President’s second term,” said Bowser. ”President Trump and I both want Washington DC to be the best, most beautiful city in the world and we want the capital city to reflect the strength of our nation.” DC.Gov President-elect Donald Trump and Washington,
U.S. Treasury Secretary Janet Yellen, left, said the department would deploy special measures to avoid a borrowing default starting in mid-January while Congress takes up a debate over lifting the debt ceiling. Kent Nishimura/Bloomberg The U.S. borrowing cap resumes on midnight Wednesday, bringing with it the risk of a prolonged political impasse that invites market
<img src=”https://public.flourish.studio/visualisation/20997687/thumbnail” width=”100%” alt=”chart visualization” /> Municipals had a stronger tone Tuesday as investors closed their books ahead of the New Year holiday while U.S. Treasuries were mixed and equities saw losses for the final session of 2024. While municipals have outperformed USTs on the whole in 2024, they will close December with losses. How
A deal backed by United Airlines to finance upgrades at Houston’s George Bush Intercontinental Airport was one of many billion-dollar-plus deals in Texas in 2024.Houston Airport System In a record year for municipal bond issuance, Texas set a record of its own. Issuers in Texas sold $67.88 billion of bonds in 2024, according to LSEG