Georgia

Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.

Triple-A rated Georgia will auction $1.4 billion of general obligation bonds Tuesday, with analysts seeing the state benefiting from six years of positive revenue performance.

Atlanta Mayor Kasim Reed said he would not discuss why he dismissed Hartsfield-Jackson Atlanta International Airport general manager Miguel Southwell and Watershed Management commissioner Jo Ann Macrina.

Atlanta signed a 20-year lease with Delta Wednesday that keeps the carrier based in the city and paves the way for a $6 billion capital expansion plan at Hartsfield-Jackson Atlanta International Airport.

Douglass P. Selby will be the new head of public finance at Hunton & Williams, and John O’Neill will lead the public-private partnership practice group.

WellStar Health System expanded its hospital network to 11 from five after Friday’s closing on the acquisition of five hospitals from for-profit Tenet Health, and a merger with nonprofit West Georgia Health, but its ratings suffered.

The Metropolitan Atlanta Rapid Transit Authority could pursue a portion of its $8 billion expansion plan under terms of a bill Georgia legislators passed shortly before adjourning.

Georgia saw state revenues jump a whopping 24.9% in February, although state officials said Internal Revenue Service security breaches helped skew the results by delaying refunds.

Improvement in Atlanta’s fiscal health led Moody's Investors Service to upgrade the city’s general obligation debt to Aa1 from Aa2.

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