Bonds

Moody’s and Fitch said the airport would retain comparatively low leverage ratios even after it completes its expected capital plan bond sales in the next few years. AdobeStock Greater Orlando Aviation Authority’s senior bonds were upgraded to Aa2 by Moody’s Ratings, AA by Fitch Ratings and AA-plus by KBRA and its subordinated bonds were upgraded

A May aerial photo shows progress of New Terminal One construction at New York’s Kennedy airport.JFK New Terminal One The developers of New Terminal One at New York’s John F. Kennedy International Airport are in the position that any salesperson would want: they have something you can’t find anywhere else. It’s the biggest airport public-private

<img src=”https://public.flourish.studio/visualisation/20321862/thumbnail” width=”100%” alt=”chart visualization” /> Triple-A yield curves were little changed Friday ahead of an $8.4 billion new-issue calendar while U.S. Treasuries saw small losses across the curve and equities were in the red as mixed economic data, hawkish Fedspeak and major announcements on how President-elect Donald Trump’s new administration may take form hangs

Dallas Police Department officers in 2022. Moody’s Ratings said the negative rating outlook for Dallas reflects the expected credit impact of voter-approved Proposition U, including reducing the city’s fiscal flexibility and boosting the Police and Fire Pension System’s liability by increasing police starting salaries and the number of officers.Bloomberg News Voter approval of a Dallas

Hawaii Gov. Josh Green toured the scene of Maui wildfires in August 2023. The disaster slowed visitor growth, rating analysts said.Hawaii Governor’s Office Hawaii will head to market in early December with double-A category ratings affirmed as it prices $750 million of taxable general obligation bonds in a negotiated deal. Recovery of tourism, pivotal to

 ”I have been laser focused on ensuring that the jobs created by this project go first and foremost to district residents,” said D.C. at-large, Councilman Kenyan McDuffie, “and that district-based companies receive the bulk of the contracts associated with this project.”  D.C. City Council The bond-financed renovation of Capital One Arena in downtown Washington D.C. is

Chicago’s City Hall. The City Council on Thursday soundly rejected Mayor Brandon Johnson’s proposed property tax increase, part of an effort to close a yawning fiscal 2025 budget gap.Adobe Stock The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson’s fiscal 2025 budget on Thursday, voting down a proposed $300 million property tax

The Biden administration will continue to allocate transportation grant funds in its few remaining months before leaving office, Transportation Secretary Pete Buttigieg said. Bloomberg News The Biden administration marked Friday’s third anniversary of the Infrastructure Investment and Jobs Act by announcing $3.4 billion in fresh grants and pledging to keep the money flowing in the

James Monroe High School students in the school’s Creative Arts building, which was financed with LAUSD Build America bonds.LAUSD After more than a decade of cuts to the promised subsidy that underpinned Build America Bonds, dozens of issuers pulled the plug on that structure this year. The Los Angeles Unified School District was in the

Jerome Powell, chairman of the Federal ReserveAndrew Harrer/Bloomberg Federal Reserve Chair Jerome Powell sees no reason to rush the process of easing monetary policy. In a speech delivered Thursday afternoon in Dallas, Powell said the U.S. economy is strong and inflation is moving “sustainably” toward the Fed’s 2% target, “albeit on a sometimes-bumpy path.” Because

“We are going to be the very first state in the nation, the very first city in America, to have a congestion pricing plan,” New York Gov. Kathy Hochul said.Kevin P. Coughlin / Office of the Governor New York now has a start date for congestion pricing, the long-awaited, much-delayed toll that will help fund

<img src=”https://public.flourish.studio/visualisation/20306565/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were narrowly mixed Thursday as U.S. Treasuries saw losses up front and gains out long and equities ended down. Municipal yields, while bumped or cut up to three basis points, depending on the scale, have had a relatively quiet week following the volatility post-election. However, “volatility will likely

Indiana Republican Rep. Rudy Yakym, the Republican co-head of the House Municipal Finance Caucus, is reportedly vying for a spot on the powerful House Ways and Means Committee. Rep. Rudy Yakym’s office With all the House of Representative races now called, Republicans will retain a razor-thin majority, sealing their control of the Senate, House and

The First Circuit Court of Appeals ruled PREPA bondholders had a perfected lien on PREPA net revenues. The U.S. Court of Appeals for the First Circuit largely sided with Puerto Rico Electric Power Authority bondholders in a ruling Wednesday, affirming their lien on the authority’s net revenues. The bondholders have a claim for all the

Oklahoma County is reviewing public-private partnership proposals to help finance a replacement for its troubled downtown Oklahoma City detention center amid rising costs.Oklahoma County Detention Center Oklahoma County is exploring a public-private partnership to help finance a replacement for its troubled jail amid rising costs and a delay in securing a site for the project. 

&amp;amp;amp;lt;img src=”https://public.flourish.studio/visualisation/20299554/thumbnail” width=”100%” alt=”chart visualization” /&amp;amp;amp;gt; As investors have flocked to municipal exchange-traded funds in the past few years, more muni active ETFs are being launched in the space to meet more bespoke investor demands. Market participants note the shift stems from the fragmented muni market, the challenge of trying to replicate the index, and

Federal Reserve Board Governor Adriana Kugler with Senate Majority Leader Chuck Schumer. Al Drago/Bloomberg A Federal Reserve official made the case for protecting central bank independence from electoral politics.  In a speech delivered at an economic conference in Uruguay on Thursday morning, Fed Gov. Adriana Kugler said central banks around the world, including the Fed

Passengers board a Brightline passenger train in Miami. Opening the full Miami-to-Orlando route paved the way for Brightline to embark on a major restructuring of its full capital stack.Bloomberg News Most deals take some time to put together, but this year’s Brightline Florida passenger train financing has been in the works since the borrower first

&lt;img src=”https://public.flourish.studio/visualisation/20281438/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipal market outperformance continued Wednesday as triple-A yield curves saw an improved bias while U.S. Treasuries were mixed after inflation data threw more uncertainty over the Federal Reserve’s next moves. The October consumer price index came in as projected, but stickiness in inflation — especially with expectations that President-elect

Chicago Mayor Brandon Johnson faces a pushback by City Council members to his proposed property tax hike.Bloomberg News Kroll Bond Rating Agency placed Chicago’s A general obligation bond rating on Watch Downgrade Tuesday as the City Council prepares to vote Thursday on a proposed $300 million property tax increase that Mayor Brandon Johnson included in

Climate change is here and it’s taking a catastrophic toll on communities exposed to high hazards and ones with low adaptive capacity. In 2023, damages from weather and climate disasters totaled $280 billion globally. Worse, only $108 billion, or 38% of total global economic losses, were insured — leaving those who fall in the protection