Years ago, it seemed like it used to be if a taxable muni was not large enough to be index eligible, a lot of participants didn’t pay attention to it,…
“The key point is the island’s willingness to pay,” said John Ceffalio, senior municipals strategist at CreditSights. “If the governor and legislature don’t come onboard, that weakens credit quality of…
Connecticut has long been a study in contrasts. While research firm CreditSights pegged its per-capita personal income at 134% of the nation’s in 2020, its cities have long struggled.
“We have placed a market outperform rating on Met Pier bonds, and we reiterate our market outperform rating on the state of Illinois GOs,” John Ceffalio, senior municipal research analyst…
“I think that the Moody’s upgrade will help the state GO and other related credits get better pricing when they next sell bonds,” said John Ceffalio, senior municipal research analyst…
“The month-over-month comparison looks odd because of last year’s disruption, but year-over-year, issuance is up,” said Pat Luby, senior municipal strategist at CreditSights. “At the top level it’s encouraging for investors…
“Connecticut has sizable reserves and money from the American Rescue Plan will enable it to make investments during the upcoming fiscal 2022 and 2023 biennium,” said research firm CreditSights. “The infrastructure…
“The Illinois Supreme Court’s decision, siding with the state, is positive for bondholders and Illinois taxpayers. The decision is not a surprise and so I expect any spread tightening will…
Research firm CreditSights placed a market-perform rating on Connecticut. “We think the state has positive credit momentum, … yet with spreads tightening by 10 points already this month, little room remains for…
CreditSights noted earlier in the week that the summer redemption season is fast approaching — issuers will be paying out $116 billion of principal from maturing and callable bonds in June-August….