Infrastructure

In a recent report affirming the Birmingham Airport Authority's A-minus rating, Fitch Ratings said that it would be evaluating the potential effects of surrounding Jefferson County's bankruptcy filing.

CHICAGO — As market participants digested the news of American Airlines' Chapter 11 federal bankruptcy filing Tuesday, airports stressed their ability to withstand any potential impact while tax-exempt investors reached out to bankruptcy attorneys to gauge the strength of their holdings.

LOS ANGELES — Though the San Diego Association of Governments has encountered a few wrinkles during due diligence, the agency is on track in its proposed $345 million purchase of a bankrupt toll road from a private operator.

Amid major redevelopment projects at large airports in Texas, aviation bond issuance there is running at the highest level since 2003, according to data from Thomson Reuters.

The Southern California Logistics Airport Authority is facing a bond default because it cannot make a $10 million debt service payment due Thursday because of the legal uncertainty surrounding California redevelopment agencies.

Arizona’s State Transportation Board has adopted a blueprint outlining the projects needed over the next 25 years to keep pace with the state’s growing population.

CHICAGO - Ohio has picked KPMG LLP as lead advisor for a proposal to privatize the Ohio Turnpike.

BRADENTON, Fla. - A newly appointed member of northwest Florida's Santa Rosa Bay Bridge Authority has filed a complaint with the Securities and Exchange Commission, citing what he calls trading irregularities in some of the agency's $116 million of defaulted bonds.

LOS ANGELES - A judge rejected the Las Vegas Monorail Co.'s third amended plan to exit bankruptcy on Friday even though 97% of the bondholders voted in favor of it.

LOS ANGELES - Los Angeles Mayor Antonio Villaraigosa has floated a plan to issue $750 million of bonds backed by the city's share of money from a countywide transportation sales tax to repair a quarter of the city's streets in two years.