Shelly Sigo

Fitch Ratings on Monday downgraded to AA-plus from AAA its rating on $71 million of Nemours Foundation outstanding health care revenue bonds. The rating agency said the outlook is stable.

Jefferson County commissioners Tuesday adopted an $808 million budget for fiscal 2010 that includes funding to return most laid-off county employees to work next month, according to the Birmingham News.

BRADENTON, Fla. — Moody’s Investors Service late Monday downgraded the Florida Department of Transportation’s turnpike revenue bond rating to Aa3 from Aa2, citing rapid declines in traffic and revenue along the 460 miles of established toll roads operated by the Turnpike Enterprise system.

BRADENTON, Fla. — The $1 billion Port of Miami Tunnel project inched forward Tuesday when Miami-Dade County commissioners approved an irrevocable $75 million letter of credit provided by Wachovia Bank NA to be used in helping to fund a portion of the project.

BRADENTON, Fla. - Miami-Dade County, Fla., hopes to terminate swaps insured by troubled Ambac Assurance Corp.

Florida’s Division of Bond Finance Tuesday received authorization to sell $727.1 million of bonds.

Fitch Ratings Tuesday downgraded $236 million of outstanding Alabama State Port Authority revenue bonds to BBB-plus from A-minus and said the outlook is stable.

A federal judge in Birmingham has set Nov. 12 as the new date that former Jefferson County commissioner Mary Buckelew will be sentenced for obstruction of justice for lying to a federal grand jury about receiving gifts from Montgomery-based bond dealer William Blount when the county’s sewer debt was refinanced in 2002 and 2003.