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The outlook on Memphis Light, Gas & Water’s AAA water system revenue bonds was lowered to negative from stable by S&P Global Ratings. “The outlook revision reflects our view of the water system’s accelerating near-term capital needs, which could pressure debt service coverage and liquidity before the next multiyear rate plan is adopted, with current

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Michael Scarchilli (00:06): Hi everyone, and welcome to The Bond Buyer Podcast, your essential resource for insights into everything municipal finance. I’m Mike Scarchilli, editor-in-chief of The Bond

The North Texas Tollway Authority is seeking savings through bond refundings and tenders in a $1.126 billion deal that tops this week’s municipal bond sale calendar.  The NTTA scheduled a Thursday pricing for the tax-exempt debt offered in two series – $446.14 million of first tier revenue bonds to fund a tender offer for taxable