Baptist Memorial, Tenn., Dropped to A: S&P
Standard & Poor's lowered its long-term rating to A from AA-minus on bonds issued for Baptist Memorial Health Care Corp., Tenn., citing losses.
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The N.C. Eastern Municipal Power Agency inked a deal to sell its generating assets, which requires retiring or defeasing $1.87 billion in outstanding revenue bonds.  more »
A Georgia judge validated $397 million of municipal bonds for the Atlanta Braves, but officials say the deal likely faces an appeal.  more »
Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.  more »
Moody's Investors Service downgraded the ratings on Wake Forest Baptist and North Carolina Baptist Hospital bonds to A2 from A1.  more »
Alabama saved nearly $20 million on a July 24 refinancing of $200 million of outstanding general obligation bonds.  more »
Busy Atlanta International Airport won the 2014 Global Efficiency Excellence Award from the Air Transport Research Society.  more »
Three consumer advocacy groups filed a lawsuit accusing Tennessee of implementing policies that deny health coverage to individuals eligible for TennCare.  more »
Financial advisor Calvin Grigsby of Grigsby & Associates filed a federal lawsuit against the Shreveport, La., City Council after the city sued his firm accusing him of overbilling financial advisory fees.  more »
U.S. District Court Judge Sharon Lovelace Blackburn orders briefs to determine if Jefferson County, Ala.'s bankruptcy appeal will be dismissed.  more »
Completing critical sewer projects under a federal consent decree on time and under budget is a credit positive for Atlanta's sewer system, said Moody's Investors Service.  more »
The CDFA and South Carolina Jobs-Economic Development Authority are partnering to launch the South Carolina Financing Roundtable.  more »
Virginia is working on a plan to reduce severe congestion on Interstate 66 that could cost as much as $3 billion.  more »
Based on two court cases, two former JPMorgan bankers want the SEC's pay-to-play case involving Jefferson County, Ala.'s failed sewer deals dismissed.  more »

As banks make more loans to lower-rated municipalities, they may have to follow Interagency Guidance on Leveraged Lending that was developed with private and corporate borrowers in mind.

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