Shreveport, Louisiana, was downgraded by Moody’s Ratings.Adobe Stock Shreveport, Louisiana, was downgraded to Baa2 from Baa1 Wednesday by Moody’s Ratings. The agency maintains a negative outlook on the rating. The downgrade of Shreveport’s issuer, general obligation and senior revenue ratings will affect $2.1 billion in debt when the city completes the anticipated $88 million Series
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North Carolina’s largest transportation project to date may be structured as a public-private partnership after the controversial toll lanes proposal won a pair of key votes last week. The Charlotte City Council and transportation planning group Charlotte Regional Transportation Planning Organization gave the green light to the North Carolina Department of Transportation to pursue a
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Houston Controller Chris Hollins’ investor conference took place Tuesday without the  participation of key city officials after Mayor John Whitmore raised “pay-to-play” concerns about corporate sponsorships for the event and requested a city probe. Hollins countered on Tuesday, calling on the Houston inspector general’s office to also investigate corporate sponsorships for the mayor’s Sept. 17
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Twenty/20 Saving for a home down payment can feel challenging, given current real estate prices. Using the right assets can help give your balance a lift. When you actually need the money is the “biggest driving factor,” said Ryan Dennehy, principal and financial advisor at California Financial Advisors in San Ramon, California. The firm ranked No.
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Municipal market participants this week laid out their doubts about a data standards law in a blizzard of comments to the Securities and Exchange Commission. A similar refrain came from issuers big and small: the Financial Data Transparency Act of 2022 represents regulatory overreach and an unfunded federal mandate that will especially burden small issuers.
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A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand moved lower again last week, even though mortgage interest rates didn’t move. Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since July, according to the Mortgage Bankers
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Pioneers sometimes get undue credit for simply being the first of many trying to reach the promised land. Even if they had never been born, their discovery would have happened around the same time anyway. Other times they become the figurehead of what was really a collective breakthrough. But if there was a true father
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Municipals extended their selloff with the largest losses on the short end amid another busy day in the primary market, led by an upsized JFK Airport Terminal 6 Redevelopment Project deal. U.S. Treasuries were little changed and equities ended mixed. Triple-A yields rose three to 12 basis points, playing some catch up after recent outperformance.
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The New York State Capitol Building in Albany. New York has enacted some improved public pension benefits.Bloomberg News A trend of public pension benefit improvements could put credit pressure on states that enact them, Fitch Ratings said this week. Enacted and proposed state measures providing more generous benefits will “lead to higher required contributions and
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Municipals were weaker Monday following U.S. Treasury market pressures while equities ended down. Triple-A yields rose up to seven basis points while govies were higher by eight to 12 basis points. Short ratios fell as a result of the day’s moves. The two-year muni-to-Treasury ratio Monday day was at 61%, the three-year at 61%, the
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On Monday, the Department of Transportation announced the winners of $4.2 billion in grants flowing from the Biden Administration’s infrastructure legislative crown jewel.  “Thanks to the Bipartisan Infrastructure Law, the Biden-Harris administration is carrying out ambitious, complex transportation projects that will shape our country’s infrastructure for generations to come,” said U.S. Transportation Secretary Pete Buttigieg.  “With
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an external member of the Bank of England’s Monetary Policy Committee An old mentor used to consult women’s dress sales when he wanted to know what was going on with the economy,
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