There will be pressure on the
Consumer confidence unexpectedly plunged in December, although the expectations index improved, while the rest of Tuesday's economic data came in around expectations. The consumer confidence index fell in December to 88.6 from a downwardly revised 92.9 in November, first reported as 96.1, The Conference Board reported Tuesday. The present situation sank
Municipal bonds remained unchanged Tuesday as the market looked positively at the passage of a federal stimulus bill even as a new strain of COVID-19 began to be felt around the world. Yields on top-rated muni bonds were flat, remaining steady across the AAA scale. Treasury bonds were slightly stronger
Private-activity bonds backing the long-planned Purple line light rail system in Maryland received a credit boost following approval of a financial settlement that contains protections for bondholders of the beleaguered public-private partnership. Fitch Ratings upgraded Purple Line Transit Partners’ senior-lien revenue bonds issued through the Maryland Economic Development Corporation (MEDC) by
Even with the novel coronavirus pandemic taking a hit on Florida's revenues, the state projects it will have debt capacity available to finance capital needs over the next decade. The Sunshine State can borrow up to $6.6 billion in fiscal 2022 and up to $34.1 billion over the next 10 years
This article is part of a series spotlighting The Bond Buyer’s ten 2020 Deal of the Year award winners, running from December 9 through 15. One of these honorees will be chosen as our national Deal of the Year at a virtual event taking place December 16. For more information
President Donald Trump said Monday he planned to appoint Antonio Medina Comas to the Puerto Rico Oversight Board. Medina Comas served as Executive Director to the Puerto Rico Industrial Development Company from 2012 to 2016. He spent 20 years at pharmaceutical company Merck Sharp & Dohme, starting as an industrial engineer
As we contemplate the state of the municipal market today, issuance and the strong demand for many types of municipal bonds provide an “all is well” feeling. Many of us recall that scene from Animal House where Chip Diller (aka Kevin Bacon), dressed in his auxiliary police uniform, implored all
Florida's elected Cabinet has authorized seven bond issues that combined represent one of the largest amounts of new debt approved by the panel at one time. The Cabinet at its last meeting of the year Tuesday unanimously granted requests to issue more than $2.06 billion of bonds made by Division of
“Undoubtedly, depending on the course of
