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Some elder housing borrowers have also drawn on debt service reserves, violated covenants, or sought to restructure their bonds, said Moody's Investors Service.
By Shelly SigoJune 3 -
The South Carolina Legislature put in place strict oversight of the state-owned utility until they decide whether to sell it.
By Shelly SigoMay 28 -
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.
By Shelly SigoMay 19 -
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.
By Shelly SigoMay 11 -
The loss of $1.03 billion in revenues prompted state lawmakers to ask congressional delegates to support a $500 billion relief package for states.
By Shelly SigoMay 8 -
The city will ask the Louisiana State Bond Commission to authorize issuing up to $100 million of revenue notes.
By Shelly SigoMay 7 -
The board of the troubled Jacksonville, Florida, utility voted to hire Paul McElroy as interim CEO.
By Shelly SigoMay 6 -
S&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.
By Shelly SigoMay 4 -
Theme park and business closures and hospitality industry layoffs will make recovery difficult for Orange County and the Orlando region.
By Shelly SigoApril 29 -
Moody's Investors Service said public utilities may see declining coverage ratios as they suspend disconnects and offer discounts.
By Shelly SigoApril 27