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Republican AGs target ESG-driven rating agency downgrades
10+ hour, 20+ min ago (782+ words) Republican attorneys general from 23 states are questioning rating agencies' use of environmental, social, and governance factors that they contend led to downgrades for fossil fuel companies and weigh on ratings for states and local governments that collect fossil fuel production-related…...
Florida fight continues over tax collection for PACE bonds
7+ hour, 11+ min ago (58+ words) The state supreme court is hearing the case that affects $5 billion in authorized bonds, $150 million that have been issued....
Push to expand financing tools, like PABs and TIFIA, for ports
7+ hour, 11+ min ago (523+ words) U. S. ports should have more access to private activity bonds and federal loan programs as part of the Trump administration's effort to upgrade the country's maritime industry. "Mr. President, if you are as serious about this subject as you say you…...
Bond insurance usage rises nearly 5% in Q1
7+ hour, 31+ min ago (584+ words) The amount of bonds wrapped by insurance in the first quarter grew 4. 9% year-over-year amid strong supply. The industry par amount was achieved in 350 deals, down from 384 deals a year ago. Assured Guaranty saw insurance fall 11. 9%, while BAM saw 34% growth in…...
Texas voters weigh $78. 48 billion of bonds on May 2
12+ hour, 51+ min ago (1103+ words) Texas voters on Saturday will decide on $78. 48 billion of general obligation bonds, including Dallas Independent School District's massive $6. 24 billion proposal as well as measures in three cities on dropping Dallas Area Rapid Transit service and funding. As of Aug. 30, Texas…...
Illinois megaprojects bill clears major hurdle
18+ hour, 25+ min ago (600+ words) The Illinois House advanced a megaprojects bill with inducements for the NFL's Chicago Bears to stay in Illinois, and that would allow for higher taxes in sales tax and revenue bond, or STAR bond, districts. The Bears, who have been…...
Washington receives a second negative rating outlook
1+ day, 11+ hour ago (349+ words) Fitch Ratings revised the rating outlook on the state of Washington Monday, joining Moody's Ratings, which took the same action on Wednesday. The outlook revisions come ahead of the state's plans to issue $545. 930 million various purpose general obligation refunding bonds,…...
FOMC preview: What comes after Powell and what should investors do?
1+ day, 14+ hour ago (980+ words) The Federal Open Market Committee is not expected to change the fed funds target from a range of 3. 50% to 3. 75% at its meeting Tuesday and Wednesday, which will likely be the last one chaired by Jerome Powell. Analysts instead spoke about…...
Penn State closes branch campuses as demographics sink in
10+ mon, 2+ week ago (1151+ words) The university cut campuses in areas with declining populations and issued bonds to fund football stadium renovations....
Northeast universities find bond investors amid rocky sector trends
1+ day, 12+ hour ago (1232+ words) Higher education institutions are facing pressure from demographics, the federal government, and heightened competition " especially in the Northeast." But universities with the resources to support it are still accessing the market, even in April's challenging market conditions." "Trends in the…...