Regional News

A three judge panel upheld a lower court rejection of the bondholders' suit against Puerto Rico's central government.

As parties renewed arguments on the administrative expense claim, some judges probed the nature of the bondholders' contribution to PREPA.

At stake is at least a $5.9 billion contract and the stability of electrical provision on the island.

Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.

Illinois lawmakers are hammering out legislation to raise cybersecurity protections for local water utilities, a timely effort after cyberattacks this summer.

Cyberattacks increasingly threaten cash-strapped communities in the Midwest, with threat actors using artificial intelligence to turbocharge their campaigns.

"The regulatory environment has become increasingly complex and overwhelming for smaller firms," said Sycamore Advisors LLC president Diana Hamilton.

The rising cost of living, demographics, and growing utility demands are reshaping the credit profiles of municipal issuers and public utilities for the worse.

Workers and machines are poised to begin digging the new tube for a $16 billion rail tunnel project under New York's Hudson River.

Factors such as financial disclosure schedules are one reason big bond deals from New York City and the state have to share tight space in the bond calendar.

Maryland enters the data center regulation movement as Governor Wes Moore signs an executive order and signals an end to sales tax exemptions.

"We believe strongly in these sectors, and they are poised for even more growth," Bo Daniels, Loop Capital's head of public finance, said in a statement.

Credit ratings for California utilities could face downward pressure as recurring wildfire risks test safety funds and strain balance sheets.

The veto means California won't have a new vehicle to fund large-scale infrastructure. Newsom also killed a bill to unwind pension reforms.

Proposition 40 aims to raise $100 billion through a one-time tax on assets over $1 billion to offset federal Medicaid cuts.

Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.

In the new role, one of Doryan Carlton's responsibilities will be overseeing the state's bond issuances. She replaces Bill Poole.

Moody's Ratings said the downgrade "reflects a weakening of the county's financial position."

Maryland enters the data center regulation movement as Governor Wes Moore signs an executive order and signals an end to sales tax exemptions.

A cutback in federal funding for state revolving loans to water utilities is among the things pressuring water utilities in Florida.

The outlook revision to positive from stable is the second this year for the state after Moody's Ratings took similar action in May.

Payson's $21.21 million taxable pledged revenue obligations issue comes amid a riskier environment for pension-related borrowings.

In an unusually competitive election season in the GOP dominated Lone Star State, candidate platforms include moves that could impact state and local finances.

"The regulatory environment has become increasingly complex and overwhelming for smaller firms," said Sycamore Advisors LLC president Diana Hamilton.