Shelly Sigo

All Aboard Florida says it remains on track to offer private passenger train service in 2017 even though it was unable to issue $1.75 billion of private activity bonds amid turmoil in the high-yield market.

The credit outlook on Paducah Power, Ky., returned to stable from negative after implementing a recovery plan and stronger performance at the Prairie State Energy Campus, Fitch Ratings said.

An Alabama court struck down a state law that would have allowed Jefferson County to return to the bond market.

U.S. Bankruptcy Judge Alan C. Stout likely will determine in January if Hillview should be the first municipality in Kentucky to qualify for Chapter 9 bankruptcy.

The way Louisiana addressed a $487 million mid-year deficit with one-time budget cuts exacerbates credit pressures facing the state, Moody's Investors Service said.

Georgia expects to save $421 million reconstructing a critical intersection in Atlanta by entering into a public-private partnership with North Perimeter Contractors.

Virginia Gov. Terry McAuliffe said he will include $2.43 billion of bonds in his budget proposal for fiscal 2017 to finance capital projects.

Florida legislators will consider another record state budget, $1 billion in proposed tax cuts, and a new tribal gambling compact as they gear up for an early session starting Jan. 12.

Moody's Investors Service upgraded three of Jefferson County, Ala.’s credits three notches to investment grade citing improved financials and the expanding local economy.

Recent actions by Louisiana lawmakers to close a nearly $500 million budget deficit, amid uncertainties that may lead the state to privately place its next borrowing, could to pressure on the state’s credit ratings, according to Fitch Ratings.

An Alabama federal judge entered judgments approving settlements in the Securities and Exchange Commission’s cases against former JPMorgan bankers Douglas MacFaddin and Charles LeCroy, who were accused of wrongdoing in the Jefferson County, Ala. sewer financings.

U.S. Bankruptcy Judge Alan C. Stout will decide after hearings on Dec. 9 and 10 whether Hillview, Ky., is eligible to proceed with its bankruptcy petition.

Two former JPMorgan bankers have agreed not to violate securities laws and to repay money they made while working on transactions involving Jefferson County, Ala., Securities and Exchange Commission documents said Tuesday.

Louisville Water Co., Ky., plans to competitively price $127 million of new money revenue bonds Wednesday to finance capital needs.

In just six months, the new Municipal Finance Group at Bonwick Capital Partners LLC has been selected as senior manager on five transactions totaling more than $150 million.

Louisiana legislators approved a $500 million budget deficit reduction plan by the Jindal administration, though some complained it does not address the state’s structural imbalance.

Kentucky Gov.-elect Matt Bevin appointed public finance attorney Scott Brinkman as secretary of the Executive Cabinet.

Jefferson County, Ala.,’s 2013 sewer system debt remains at junk levels even though the county’s post-bankruptcy plan is working as intended so far, Fitch said while affirming its double-B ratings.

Tennessee said a recent general obligation offering was oversubscribed more than five times helping to generate some of the lowest interest rates in its history.

After amassing nearly $2 billion in unused bonding authority from Louisiana and Florida the past few years, BioNitrogen Holdings Corp. filed for Chapter 11 bankruptcy on Nov. 3.