Alabama

Assured Guaranty Municipal Corp. filed a motion seeking relief in Jefferson County, Ala.’s bankruptcy case saying the county proposed minimal sewer rate increases that may not support the outstanding $3.1 billion of debt.

Standard & Poor’s upgraded to AA from BBB bonds of the Birmingham-Jefferson Civic Center Authority, Ala. after it determined there would be no impact from Jefferson County’s bankruptcy filing.

An "ad hoc" group holding $676 million of Jefferson County, Ala.'s sewer warrants says the bankrupt county has failed to propose reasonable sewer rate increases that protect their holdings.

Jefferson County, Ala., commissioners approved new sewer rates that have already drawn protests from many quarters.

Jefferson County, Ala.'s plan to factor corruption into future sewer system rate increases is setting the stage for another legal fight with the trustee for the system’s $3.2 billion of debt.

Jefferson County, Ala., commissioners decided to move forward with a plan that is expected to increase sewer system rates for the first time in at least four years.

Former Montgomery, Ala., bond dealer Bill Blount has been moved to a halfway house to transition toward the end of his federal pay-to-play felony sentence for his role in the sale of bankrupt Jefferson County’s defaulted sewer warrants.

Uncertainty in the muni market is rising as Jefferson County, Ala., appeals a federal judge's decision upholding a portion of the bankruptcy code that has protected bondholders so far.

Bankrupt Jefferson County, Ala., is on a course to make changes in its sewer system rates, with plans to hear from sewer rate consultant, Eric Rothstein.

Lehman Brothers Special Financing Inc. claims the trustee for Jefferson County, Ala.'s $3.2 billion of defaulted sewer warrants is improperly withholding its swap payments.

In a cross appeal brief this week, Jefferson County, Ala., argues that the bankruptcy judge erred when he allowed sewer warrant holders to be paid with the Chapter 9 case pending.

Birmingham, Ala., voters overwhelmingly approved ballot measures authorizing $150 million of general obligation bonds.

Gov. Robert Bentley said Alabama would not create a health insurance exchange plan under the federal Affordable Care Act.

The 11th Circuit Court of Appeals has yet to rule on a number of pending motions in Jefferson County, Ala.'s Chapter 9 bankruptcy.

Alabama's Birmingham-Jefferson Civic Center Authority has seen its bonds upgraded to investment grade after S&P determined that revenues are not affected by Jefferson County's bankruptcy.

A proposed restructuring of lease revenue warrants sold by Jefferson County, Ala., in 2006 would not reduce principal or interest payments to investors, according to insurer Ambac Assurance Corp.

Bankrupt Jefferson County, Ala., told general obligation warrants holders Wednesday that it plans to default on the warrants until they are restructured in the county's Chapter 9 case.

Jefferson County, Ala., commissioners approved a restructuring agreement with Ambac Assurance Corp. to reduce annual payments securing revenue warrants.

Moody's Investors Service said Monday that the Sept. 18 decision by Alabama voters to enable the state to draw funds from an endowment to prop up the 2013 budget is a credit negative.

The judge overseeing Jefferson County's bankruptcy case has rejected requests to set a deadline for preparing a plan of adjustment.