Category: Issuers
[Moody’s] New York State Tenant Law Won’t Impact NYC Housing Development Corp (“HDC”)
June 20, 2019 – In a short note issued today, Moody’s Investor Service stated that New York State’s recently-enacted Housing…
[BAML] Munis Now Cheap to Treasuries. “The Longer the Better”.
In their June 14, 2019 Municipal Weekly report, BAML’s Municipal Research team led by Phillip Fisher offered the following takeaways:…
[Opinion] Should Issuers Refund Build America Bonds (BABs)?
Build America Bonds are the gift that keeps on giving. The U.S. Treasury Department estimated in 2011 that state and…
[NEW ISSUE] State of Connecticut – State Revolving Fund General Revenue Bonds
The State of Connecticut is selling tax-exempt State Revolving Fund (“SRF”) General Revenue Bonds on Thursday, June 20th, 2019. A…
[BondBuyer] Cook County Mulls Securitization as Revenue Bonds Face Pressure
The Bond Buyer reported on June 10, 2019 that Cook County, Illinois is considering a securitization structure to lower borrowing…
Just How Much Of A Rainy Day Reserve Does NYC Need?
According to the Citizen’s Budget Commission (CBC) – a nonpartisan think-thank – a whopping 17% of tax revenues, which would…
[Moody’s] Bank Credit and Liquidity Support Flat As Issuer Variable-Rate Issuance Wanes
Moody’s Investors Service said today $7.5 billion of bank facilities (Letters of Credit, LOCs and standby liquidity) were underwritten or…
[CITI] Municipal Market Shrank $2.1 Billion in Q1
Citigroup’s Municipal Markets Research issued a report this morning indicating the municipal bonds market shrank by approximately $2.1 billion in…
[Bloomberg] Muni Market’s $14 Billion Calendar Hints at Year’s Busiest Month
Bloomberg reported that state and local governments are scheduled to issue $14 billion in municipal bonds over the next 30…
