On Wednesday it intends to sell two series of Triborough Bridge and Tunnel Authority general revenue bonds: a $111 million series with final maturity in 2032, and a $53 million…
“It is a stunning development,” CreditSights Senior Municipals Analyst John Ceffalio said. “It had seemed the legislature had gotten all of its demands.
“Given considerable environmental, political, headline and possible legal risk ahead, we suggest avoiding bonds tied to Prairie State unless spreads are considerably wide of what the ratings imply,” John Ceffalio,…
The negative flow report from high-yield “is interesting but it is not enough to signal to me that there is a widespread change in sentiment,” said Patrick Luby, senior municipal…
CreditSights noted in a report earlier this week it is not concerned about a slowdown in flows into mutual funds, but rather a reversal of flows “because of the potential risks…
“We do think the pension ‘fix’ makes the bonds more attractive generally,” said John Ceffalio, senior municipal research analyst at CreditSights. “We think the mission of the district will appeal…
Research firm CreditSights has placed an outperform rating on the bonds. “Credit quality is stable, and we think there is some room for spreads to compress as the economy and…
“As a massive flagship institution with a global brand, we expect strong demand for the new bonds, which will be bolstered further by the green bond designation,” CreditSights wrote in…
“With a strong credit and a large base of investors comfortable with TBTA, we expect robust demand for these bonds, but in our view, there is little incremental tightening left…
“With a strong credit and a large base of investors comfortable with TBTA, we expect robust demand for these bonds, but in our view, there is little incremental tightening left…