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Alabama State University's Bonds Dropped Seven Notches to B: S&P
Alabama State University's long-term ratings were dropped far into junk territory, to B from BBB-plus, by Standard & Poor's Jan. 30 due to the “significant” erosion of reserves.
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The Securities and Exchange Commission has filed a motion for summary judgment in its securities fraud case against two former JPMorgan bankers involved in Jefferson County's sewer deals and swaps.  more »
Public power utilities in five southern states most likely face fiscal challenges in complying with the EPA's Clean Power Plan, a new index by Fitch Ratings shows.  more »
The Georgia General Assembly plans to debate a bill that would provide more than $1 billion in new transportation funding in this year's session.  more »
The governors of Kentucky and Ohio plan to lower the $2.6 billion construction cost of the Brent Spence Bridge project in order to move the long-planned, bi-state venture forward.  more »
Florida Gov. Rick Scott recommended a $77 billion budget and new tax cuts for the upcoming fiscal year.  more »
The trustee for the Santa Rosa Bay Bridge Authority's defaulted bonds wants a toll increase for the Garcon Point Bridge but north Florida residents are opposing the plan.  more »
The Georgia Supreme Court holds oral arguments Feb. 3 in three appeals opposing the public financing for the Atlanta Braves’ new stadium in Cobb County.  more »
The Kentucky State Property and Buildings Commission plans to proceed with this week's pricing of $385.5 million in bonds, weather permitting.  more »
Atlanta won a rating upgrade and positive outlook ahead of a planned $1.25 billion water and wastewater refunding scheduled to price Feb. 23-24.  more »
Bonds issued by the Village Center Community Development District in Florida, the subject of a years-long audit and a controversial technical advice memorandum, are taxable private-activity bonds, the IRS said in a new notice of proposed issue.  more »
Assured Guaranty will provide Kentucky's Paducah Power System with surety bonds to free up some debt service reserves at the cash-strapped utility, according to PPS officials.  more »
Opponents of North Carolina's plan to toll portions of Interstate 77 north of Charlotte have filed a lawsuit in an attempt to block the express-lane project.  more »
Gov. Nikki Haley will support an increase in South Carolina's gas tax if it is tied to a reduction in the state's income tax and overhauling the DOT.  more »

The Commonwealth of Puerto Rico has a long history of fiscal uncertainty and structural deficits. Responding to decades of general fund deficits in 2014, the rating services lowered the ratings on the Commonwealth’s general obligation credit to below investment grade, or junk status.

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