Shelly Sigo

Standard & Poor's on Tuesday lowered a portion of the Tennessee Valley Authority's debt to AA-minus from AA-plus because the authority is less likely to receive support from the federal government in times of distress, the rating agency said.

The City Council of cash-strapped Miami learned recently that it may be forced to pay property taxes on four parking garages nearing completion to service the Marlins' new baseball stadium, according to the Miami Herald.

In a recent report affirming the Birmingham Airport Authority's A-minus rating, Fitch Ratings said that it would be evaluating the potential effects of surrounding Jefferson County's bankruptcy filing.

BRADENTON, Fla. — The federal judge in Jefferson County's bankruptcy case on Monday struck down two arguments by the receiver in charge of the Alabama county's sewer system supporting the contention that the receiver should remain in place.

BRADENTON, Fla. - Standard & Poor's has reinstated its AA-minus rating on DeKalb County, Ga.'s senior water and sewer bonds as the county in suburban Atlanta prepares a nearly $400 million utility system deal.

BRADENTON, Fla. - A newly appointed member of northwest Florida's Santa Rosa Bay Bridge Authority has filed a complaint with the Securities and Exchange Commission, citing what he calls trading irregularities in some of the agency's $116 million of defaulted bonds.

BRADENTON, Fla. - The federal judge assigned to Jefferson County, Ala.'s bankruptcy case Tuesday gave attorneys additional time to file briefs concerning how much control the receiver of the county's sewer system is entitled to retain.

BRADENTON, Fla. - The federal judge in Jefferson County's bankruptcy said Monday that he is inclined not to remove the Alabama state court-appointed receiver of the county's sewer system, though he is expected to decide whether to limit the receiver's rate-setting powers.

BRADENTON, Fla. - Federal bankruptcy Judge Thomas Bennett on Monday will hear the first major arguments in Jefferson County's massive bankruptcy case to determine if a receiver should remain in charge of the county's sewer system.

Gilt-edged Georgia in October experienced its 16th consecutive month of growth in tax collections.

The board overseeing the embattled Orlando-Orange County Expressway Authority on Monday accepted its executive director's resignation and reached an agreement with the Florida state government to build a long-planned beltway.

Birmingham is working on a plan to issue $75 million of general obligation bonds for various capital projects, according to the Birmingham News.

BRADENTON, Fla. - The first-ever statewide PACE program, which already has $2 billion of validated bonding capacity from a Florida court, is on an aggressive track toward implementation with the selection of nationally recognized financial advisors.

BRADENTON, Fla. - Assured Guaranty Ltd. said Tuesday that it will reconsider insuring the bonds of municipalities and states that don't have a process to review and approve local bankruptcy petitions, citing Alabama as a primary example.

Assured Guaranty Ltd. said during its earnings call Tuesday that it will reconsider insuring municipal bonds in states that do not have a framework in place to approve bankruptcy petitions, citing Jefferson County, Ala., and Harrisburg, Pa.

BRADENTON, Fla. - Since Jefferson County, Ala., filed the county's largest municipal bankruptcy in history last week, attention has largely focused on the county's $3.14 billion of nonrecourse sewer system debt.

BRADENTON, Fla. — Standard & Poor’s on Friday slashed the rating on Jefferson County’s sole investment-grade credit to junk in response to the government’s filing for bankruptcy.

The North Carolina Turnpike Authority expects to sell $220 million of state appropriation revenue bonds in a two-day sale this week.

BRADENTON, Fla. - The Atlanta Falcons hope to seek proposals by the end of the month from companies interested in designing a new open-air stadium for the National Football League team.

A promised redemption of troubled bonds issued by the Clay County Gas Utility District did not happen. It wasn’t the first such disappointment.