Muni Bonds News and Perspectives

The Main Street Natural Gas, Inc. (“Main Street”) Gas Project Revenue Bonds, Series 2008A, which were “investment grade” rated when purchased, appear subject...

Standard & Poor’s dropped its rating on Main Street Natural Gas Inc. Series 2008A project gas revenue bonds to default level, The Bond Buyer reported. The...

Moody’s Investors Service will significantly upgrade municipal bond ratings across all sectors and rating categories. The upgrades are a result of Moody’s...

In reaction to the bankruptcy of Lehman Brothers Holdings, Inc. (LBHI), institutional holders of the Series 2008A bonds issued by Main Street Gas are forming...

Standard & Poor’s has lowered the rating on Main Street Gas pre-pay bonds, series 2008A to "CCC-" from "A". The downgrade results from Lehman Brothers...

S&P and Fitch have placed Main Street’s 2008A bonds on Negative Watch. The rating actions follow the placement of Lehman Brothers Holdings on Negative...

We’re not sure who will win the presidential election, but we’re confident of one thing: Taxes will rise, regardless of who’s in the White House next year,...

MBIA has agreed to provide reinsurance for the majority of FGIC’s investment grade U.S. public finance insured portfolio. The transaction, expected to close...

In a sign that the worst news may be behind the bond insurance industry, Standard & Poor’s has affirmed the ratings of both Ambac and MBIA and removed...

Ambac and MBIA posted strong second-quarter earnings, thanks to mark-to-market gains the firms were required to take according to accounting rules. Both firms...