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Richard Williamson

Recent Stories From this Author

Former Denver Schools CFO David Hart Joins PFM
April 17, 2015 David D. Hart, former Denver Public Schools chief financial officer and senior vice president of D.A. Davidson, has joined...

Brownsville, Texas, Wins S&P Upgrade to AA
April 17, 2015 Standard & Poor's upgraded Brownsville to AA from AA-minus, citing the southernmost Texas city's strengthening economy and...

Kansas Prepares Pension Bonds After Brownback Signs Bill
April 17, 2015 Kansas is seeking underwriters for a pension bond issue after Gov. Sam Brownback signed a bill authorizing $1 billion of bonds...

KIPP Refunds $77M in First Competitive Charter School Pricing
April 16, 2015 In the first competitive pricing of charter school bonds in Texas, Kipp Academy in Houston earned savings of nearly 13.5% on a...

Rice University Prices $700M Taxable Issue for New Money, Refunding
April 16, 2015 Rice University took advantage of low interest rates in the taxable market with $700 million of triple-A taxable bonds,...

$211B Texas Budget Clears Senate, Goes to Conference
April 15, 2015 A House and Senate conference committee will reconcile differences in their budgets after the Senate approved a $211 billion...

Texas House Votes to Boost Pension Funding
April 15, 2015 The Texas House has approved House Bill 9 by Rep. Dan Flynn, R-Canton, increasing state employees' contributions to the state...

Low Oil Prices Boost Highway Spending Capacity: Moody's
April 14, 2015 Lower pump prices are boosting fuel consumption and vehicle miles traveled, leading to higher gas tax collections, a trend...

Texas Taps Refunding Market as Lawmakers Apply Brakes on Bonds
April 13, 2015 As Texas lawmakers seek to reverse the state's growing debt, the Texas Public Finance Authority expects to lower the state's...

S&P Upgrades $391M of Phoenix Refunding Bonds to AA-Plus
April 13, 2015 With a Standard & Poor's upgrade to AA-plus on its subordinated debt, Phoenix is looking for significant savings with a $391...


Although defaults have not yet occurred, it is not too early for holders to take a hard look at the applicable bond documents to evaluate their rights and leverage in the restructurings or refinancings that have begun and which may proliferate in the years ahead.

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