Shelly Sigo

Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.

The South Carolina Legislature put in place strict oversight of the state-owned utility until they decide whether to sell it.

State lawmakers passed a continuing resolution, and expect to return to Columbia in September to complete work on a budget for fiscal 2021, which begins July 1.

State lawmakers will return to Columbia for a two-day session that will also determine what to do with embattled state-owned utility Santee Cooper.

The loss of $1.03 billion in revenues prompted state lawmakers to ask congressional delegates to support a $500 billion relief package for states.

The city will ask the Louisiana State Bond Commission to authorize issuing up to $100 million of revenue notes.

The board of the troubled Jacksonville, Florida, utility voted to hire Paul McElroy as interim CEO.

S&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.

Theme park and business closures and hospitality industry layoffs will make recovery difficult for Orange County and the Orlando region.

Moody's Investors Service said public utilities may see declining coverage ratios as they suspend disconnects and offer discounts.

Florida’s attorneys cite flaws and errors in a special master’s report to support overturning its conclusions.

A Florida utility continues to pursue a lawsuit against a public power agency with a stake in the Plant Vogtle project.

The Louisiana State Bond Commission authorized four bond issues, and was updated on market volatility created by the COVID-19 pandemic.

Two rating agencies placed a negative outlook U.S. toll roads, while others monitor risks as volumes decline as COVID-19 keeps drivers at home.

Cost cutting is underway at central Florida's Orlando International Airport due to a steep decline in flights and passengers amid the coronavirus outbreak.

Gov. John Bel Edwards kicked off Louisiana's legislative session by asking lawmakers to share accurate details about the coronavirus with constituents.

S&P cut the senior water and sewer bond rating to AA-plus due to fallout from the recent failed attempt to sell Florida's largest utility.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

Indian River County commissioners voted to ask the U.S. Supreme Court to review its unsuccessful appeal against passenger train developer Brightline/Virgin Trains.

A long-awaited report on options for dealing with the state-owned utility is out.