Shelly Sigo

A federal judge has granted a 30-day extension for All Aboard Florida and the U.S. Department of Transportation to respond to lawsuits challenging a $1.75 billion private activity bond allocation to finance a private passenger train project.

Hartsfield-Jackson Atlanta International Airport’s revenue bonds received a one-notch upgrade to AA-minus by Fitch Ratings, which cited a 20-year lease agreement with Delta Air Lines as a major factor behind its action.

A lawsuit that threatens to invalidate the sole security for bonds issued by the Chilton County Health Care Authority in Alabama prompted Fitch Ratings to place debt’s AA-minus rating on watch negative.

The developers of the All Aboard Florida intercity passenger train project unveiled a new financing strategy in court documents saying that it is designed to moot two pending federal lawsuits nearing conclusion in Washington, D.C.

Competition for tertiary care and declining admissions at Opelousas General Health System in Louisiana led S&P Global Ratings to lower the hospital’s bonds below investment grade.

Indian River and Martin counties filed motions for summary judgments requesting a federal judge block the $1.75 billion private activity bond allocation for All Aboard Florida’s Brightline passenger train project.

The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.

Triple-A rated Georgia reported $136.4 million of present value savings on an $890 million general obligation refunding, helped by improved negative arbitrage conditions.

The Florida Hurricane Catastrophe Fund is well positioned to absorb losses, the fund’s financial advisor says, even though $454 million in insurance claims have been filed since Hurricane Matthew brushed the state.

Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.

The city of Tamarac brings a small deal to market amid a heavy slate this week that officials believe is only the third public green bond offering from Florida.

Vanderbilt University received an upgrade to triple-A ahead of its first foray into the bond market since separating financially from its medical center.

Miami agreed to pay $1 million to settle securities fraud charges after the city was found guilty by a local jury of playing a shell game to hide its deteriorating financial condition from bondholders.

The Kentucky Court of Appeals ruled that the city of Fort Wright can proceed with its lawsuit alleging that the Kentucky Retirement Systems made millions in improper investments in alternative asset classes.

The Virginia Port Authority's credit ratings have been downgraded by S&P Global Ratings ahead of a planned bond sale that will restructure the authority's debt.

The city of Miami will consider paying $1 million, as recommended by City Attorney Victoria Mendez, to settle a Securities and Exchange Commission’s lawsuit.

Charlotte, N.C., will buck a recent trend and keep embattled Wells Fargo Securities on its sale of up to $150 million of general obligation bonds, saying the investment bank has served the city well.

A Kentucky Supreme Court ruling that Gov. Matt Bevin does not have authority to withhold university funds is a credit negative, Moody's Investors Service said, because it will be harder to manage difficult budgets without help from lawmakers.

The judge assigned to Calvin Grigsby's federal discrimination lawsuit against the city of Shreveport, La., is considering whether to dismiss the complaint.

Sweet Briar College saw its revenue bonds upgraded four notches, although still within junk territory, because of efforts to keep the 114-year-old Virginia women's institution open.