Shelly Sigo

Standard & Poor's downgraded Petersburg, Va.'s general obligation rating four notches to BBB from A-plus citing weak budgetary flexibility and liquidity.

The Louisiana State Bond Commission plans to hire disclosure counsel to assist in determining if the state complied with continuing disclosure requirements as it weighs the SEC's MCDC initiative.

Lake Worth, Fla., has scheduled a referendum during the Aug. 26 state primary asking voters to approve $60 million in bonds for infrastructure projects.

The North Carolina General Assembly passed a bill clarifying that a regional commission should operate Charlotte Douglas International Airport.

Miami-Dade County plans to restructure three swaps associated with 1996 and 1997 bonds that have paid off with positive cash flow since being negotiated.

The Louisiana State Bond Commission has issued a request for proposals for a financial advisor. Proposals are due from interested firms July 10.

The Atlanta City Council approved a $1.9 billion budget for fiscal 2015, which includes $250 million in general obligation bonds that voters must approve in a referendum.

Moody's downgraded Glenville State College, W.Va.'s rating to Ba2 from Baa3 citing its exposure to $25 million in bank debt and other fiscal stresses.

Covington, Ky.'s former finance director was sentenced to 10 years in prison for embezzling more than $793,000 in city funds, a judge decided June 6.

Georgia prices $978 million of general obligation bonds Tuesday in competitive bidding that should attract bidders due to its multi-faceted structure, a trader said.

Virginia's general fund revenue collections dropped by 20.7% in May, the largest one-month decline in 13 years, according to state officials.

A swift-moving "glitch" bill is moving quickly in the North Carolina General Assembly to clarify the governance of the Charlotte Douglas International Airport.

The Orlando-Orange County Expressway Authority board approved a $230 million interchange project in what was likely its final act before the agency is transferred to a new organization.

Louisiana Gov. Bobby Jindal has signed a bill requiring bond issuers to abide by continuing disclosure agreements, and requiring auditors to check for compliance.

Five residents living near the Atlanta Falcons new stadium filed notice saying they will appeal a judge's validation of $278.3 million in bonds to support the $1.2 billion project.

Moody's said a financial advisory firm's recommendation against the federal government divesting the Tennessee Valley Authority is a credit positive.

Rules proposed by the Environmental Protection Agency could have a material impact on the public sector, Bank of America Merrill Lynch analysts said.

The Metropolitan Atlanta Rapid Transit Authority adopted a $885.7 million budget for fiscal 2015 and approved the sale of $287 million of bonds June 5.

Fitch revised the outlook to negative on Alabama's Birmingham Airport Authority bonds citing erosion in the enplanement base as debt service obligations begin to increase.

Three new indictments were handed down in a widening Orlando-Orange County Expressway Authority scandal and a fourth person pleaded guilty to violating Florida's sunshine law.