Georgia

The action follows an upgrade for the sole purchaser of its power.

Main Street Natural Gas, a blended component unit of Georgia Gas, issues most of the authority's debt.

This is the first time the Georgia Housing and Finance Authority is bringing a PAC tranche in several years.

Moody's based this downgrade on the lowering of the rating of the United States government.

At a Bond Buyer conference in Atlanta, industry leaders talked about tariff turmoil, the tax-exemption, weather resiliency, infrastructure and more. 

The muni market is recovering from tariff turmoil, and is more resilient than the day-to-day volatility suggests, Jamie Doffermyre of Truist Securities said.

A $300 million bond and a planned monkey breeding facility's fate are at stake in a legal struggle in Georgia.

A bondholder group is negotiating with the school, which continues to operate.

The Southeast has many of the largest ports and cargo airports in the country along with extensive foreign investment that creates exposure to trade turmoil.

Volume in the Southeast was up 46% in 2024, led by Florida, where municipal bond sales more than doubled to $27.49 billion.