Shelly Sigo

Sweet Briar College in Virginia, which announced that it will close this year, said it will pay its bond and debt obligations after Standard & Poor's lowered its bond ratings to B-minus from BBB.

North Carolina Gov. Pat McCrory has recommended a combined $102.7 billion state budget for fiscal 2016 and 2017, along with up to $2.8 billion in bond financing.

Moody's Investors Service upgraded Miami's general obligation bond ratings to A1 from A2 because of an improving economy and the city's strengthened financial position.

Standard & Poor's lowered its ratings on Sweet Briar College's bonds to B-minus from BBB due to a recent decision to close the central Virginia woman's college.

Raymond James has hired public finance banker Matt Palumbo to work with the firm's mid-Atlantic team in Richmond, Va.

A group opposing C's planned passenger train service says its economic analysis questions the viability of the project.

Political controversies in Washington, D.C. are clouding the future of infrastructure funding in the United States, experts said at the National Municipal Bond Summit.

Bankers at the National Municipal Bond Summit said they believe new bond issuance will increase, especially in the high-yield senior living and charter school sectors.

Facing a $1.6 billion deficit in fiscal 2016, Louisiana Gov. Bobby Jindal has recommended a $24.6 billion state budget along with revenue raising measures such as issuing tobacco bonds.

Standard & Poor's lowered its rating on Hillview, Ky.'s bonds four notches to BB-plus citing a potential $11.4 million damage assessment that could land the city in bankruptcy court.

Standard & Poor's lowered its ratings on the general revenue bonds of the University of North Carolina at Charlotte to A-plus from AA-minus because of increased borrowing.

Georgia Gov. Nathan Deal has initiated a pilot program to prop up the state's financially ailing rural hospitals.

The Kentucky House has passed major legislation that would authorize the state to use public-private partnerships.

The Securities and Exchange Commission is investigating bonds issued in 2013 by the former scandal-ridden Orlando-Orange County Expressway Authority and underwritten by Citi.

Issuers in the Southeast sold $48.8 billion of municipal bonds in 2014, according to Thomson Reuters, down 14.3% from 2013 to decline for the second consecutive year.

The New Orleans Aviation Board plans to bring $590 million of general airport revenue bonds to market Thursday amid an above-average issuance calendar.

Standard & Poor's lowered its underlying rating to BB-plus from BBB on the general obligation bonds of the Dublin School District, Ga., citing its structural budget imbalance.

Louisiana state agencies can expect "significant cuts" in the 2016 budget but Gov. Bobby Jindal is expected to recommend "structural fixes" to the spending plan.

A bill before the West Virginia Legislature would provide bond financing to build a state-owned fiber optic network to bring fast Internet service to rural areas of the state.

Litigants appealing Jefferson County's bankruptcy case want Alabama Gov. Robert Bentley and Attorney General Luther Strange to join their appeal.