Rating agencies and investors weigh Baltimore bridge collapse

Investors and credit rating agencies are weighing how much effect the collapse of the Francis Scott Key bridge in Baltimore's inner harbor will have on the local economy and logistics on the East Coast, though early indications suggest no drastic credit impact.

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Registration is open for The Bond Buyer?Texas Public Finance conference?in Austin in April.

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A Washington state hospital district's ratings fell further into junk territory and were placed on review for further downgrade, reflecting what Moody's Ratings called "severe and immediate liquidity challenges."

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Register for The Bond Buyer's new?Southeast Public Finance?conference coming May 6-7 in Hollywood, Florida.

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When it comes to women's advancement in public finance, Samantha Costanzo is clear-eyed yet optimistic. The former Citi banker earlier this month was tapped by Huntington National Bank to become the firm's head of public finance, the fourth woman to ascend to the role in the municipal industry.

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Read the newest?research from The Bond Buyer?detailing the public finance industry’s views of the risks and opportunities in 2024.

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Following a long period of poor financial management, during which two mayors pleaded guilty to corruption charges, Paterson, New Jersey, has rejoined the ranks of investment-grade municipal credits, following Moody's Ratings' recent upgrade of the city's general obligation bond rating to Baa3 from Ba1.

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Municipals were mixed Wednesday, but selling pressure was evident on the short end, as few deals of size priced in the primary market and balances from Tuesday's large new-issues were digested. Munis underperformed a stronger U.S. Treasury market while equities ended up.