Alabama

Fitch Ratings upgraded Jefferson County, Ala.’s general obligation and issuer default ratings to A from BBB, saying that the county has put finances on a “strong footing.”

The 11th Circuit Court of Appeals in Atlanta has said oral arguments will be held in Jefferson County, Ala.’s bankruptcy case, although dates for those arguments have been set three times then postponed without a reason.

A federal judge approved a $20 billion settlement with BP to resolve litigation brought by five Gulf coast states over the BP Deepwater Horizon oil spill.

Alabama proposal would set its gasoline tax rate to match the average fuel levy in surrounding states.

Jefferson County, Ala., said in a notice Monday it paid $5.37 million earlier this month to the Internal Revenue Service for investing some of its 2004 school warrants at interest rates higher than allowed by federal tax laws.

In the Southeast, pent-up need for capital and low interest rates translated into a five-year high for bond issuance in 2015.

Jefferson County, Ala.'s bankruptcy appeal is expected to be argued before the 11th Circuit Court of Appeals in Atlanta the week of May 16.

Jefferson County, Ala., faces another court test more than two years after its exit from bankruptcy was approved.

Gov. Robert Bentley told legislators Tuesday that bond financing for new prison construction will be paid from the budget that now pays for costly upkeep at aging and overcrowded facilities.

A group of Jefferson County, Ala., taxpayers have cross appealed a judge’s recent ruling in hopes of further blocking the county’s plan to issue refunding warrants.

Jefferson County, Ala., has appealed a judge’s ruling that struck down a state law to allow the county to issue debt; a group of challengers has also pledged to appeal.

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

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.

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.

Mobile, Ala., next week will file a protest and an appeal of the Internal Revenue Service’s proposed adverse determination that some general obligation refunding and improvement warrants it issued in 2006 are taxable.

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.

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.

The Internal Revenue Service’s tax-exempt bond office has told Mobile, Ala., that the general obligation refunding and improvement warrants it issued in 2006 are probably taxable.

An attorney for Jefferson County, Ala., has asked an appellate court to consider the analysis of a federal judge who dismissed the final appeal in Detroit’s bankruptcy case.

The Securities and Exchange Commission said Monday that it reached an undisclosed settlement with two ex-JPMorgan bankers involved in Jefferson County, Ala.’s sewer deals.