Florida

The move underscores a growing sense of urgency from Fortress Investment Group-backed Brightline to address its $5.5 billion of obligations.

The ratings agency cited strong financial metrics and affordable utility rates.

The professionals are expected to strengthen Raymond James' abilities in land-secured public finance.

A student housing facility in Orlando seems to be struggling financially while one in Tampa seems to be prospering.

If the referendum passes, it is expected to have major impacts on the finances of local governments in Florida.

Brightline Florida now has until Friday to make the payments, negotiate another extension, or restructure its $5.5 billion of debt.

S&P said its earlier rating had its origin in an incorrect methodology.

Florida counties are facing off against a PACE bond-issuing agency over whether they must collect taxes that would back up to $5 billion in approved bonds.

The default comes as charter school bonds have been the municipal sector with the most defaults this year.

Charter school bonds are defaulting or becoming impaired at a higher rate than any other sector, data show.

The budget includes plans for transportation bonds to be sold over the next few years.

Gov. Ron DeSantis signed a measure into law that restrict local governments increases in property tax yields.

Local governments will face "greater credit pressure" if voters largely eliminate property taxes on more than half of homes in the state, S&P analysts said.

A county tax collector said the ballot measure, if passed, would endanger outstanding local bonds throughout the state.

With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.

The counties with the greatest exposure lie along the coasts of Florida, Louisiana, South Carolina and Texas.

Huntington Securities has hired Shai Markowicz, a veteran of Citi and Morgan Stanley, as managing director and head of project finance.

The rating agency cited solid financial performance and a stabilizing leverage profile.

The city commission puts off move to bring the bond referendum to voters.

PFM sees the expansion as a way to strengthen its position.