Georgia

The outlook on Georgia's Dalton Utilities was revised to negative by Moody's Investors Service because of Westinghouse’s bankruptcy.

Spreads widened on bonds for new nuclear units in South Carolina and Georgia.

Augusta officials set in motion Tuesday plans to borrow $12 million to build a parking garage for the Georgia Cyber Innovation and Training Center.

Parker Poe Adams & Bernstein LLP hiring public finance veteran Matt Nichols.

The Municipal Electric Authority of Georgia said the bankruptcy of Westinghouse, supplier of new nuclear units at Plant Vogtle for which it has issued billions of bonds, could have a material impact on its financial condition.

Construction continues on new nuclear power plants in Georgia and South Carolina after the Westinghouse bankruptcy, but the Chapter 11 filing raises concerns for investors in the units, including public power utilities who issued billions in municipal debt.

Atlanta’s water and sewer bonds won a one-notch rating boost to Aa2 from Moody's Investors Service ahead of a $232 million refunding deal scheduled to price April 25.

U.S. nuclear contractor Westinghouse reportedly could file for bankruptcy by Friday, Reuters said, casting new doubt on public power providers that issued municipal bonds for nuclear plants in Georgia and South Carolina.

Heightened concern about a potential Westinghouse bankruptcy filing resulted in negative outlooks on municipal bonds issued for new nuclear units the company is building in Georgia and South Carolina.

The U.S. Supreme Court will consider a special master’s recommendation, largely favoring Georgia and water agencies there, in the lawsuit Florida filed against Georgia over the apportionment of water from the Apalachicola-Chattahoochee-Flint River Basin.

For the first time in fiscal 2017, Georgia Gov. Nathan Deal said monthly state revenues declined in February with collections down by $70 million or 5.6% compared to February 2016.

Public finance attorneys Kenneth Pollock and Laurie Schwartz are working in Butler Snow’s Atlanta office and Jamie Garner is in the firm’s Macon office.

Credit concerns are mounting over the financial stability of Toshiba Co., parent of the company building partly municipal bond-financed nuclear units in South Carolina and Georgia.

Issuers across the Southeast brought $71.7 billion of municipal bonds to market in 2016, a 3.3% year-over-year increase that was generated largely by refundings.

A nearly $50 billion budget for Georgia in fiscal 2018 has been recommended by Gov. Nathan Deal, who is also requesting $1 billion of borrowing for state projects, education and transportation.

Financial problems at Toshiba Corp. are credit negative for new nuclear power plants under construction at Plant Vogtle in Georgia and VC Summer in South Carolina, Moody's Investors Service said.

Seyfarth Shaw LLP has added attorney John W. Mills III as a partner in the firm’s litigation department in Atlanta.

Provident Resources Group Inc., a national nonprofit, plans to issue up to $400 million of bonds to rescue a distressed commercial proton beam therapy cancer treatment venture in Atlanta.

U.S. Bank N.A., the trustee for Oconee Regional Medical Center, notified bondholders Tuesday that the Georgia hospital defaulted on its Dec. 1 principal bond payment. It is the second default this year.

Georgia-based First Southern Securities has hired Rafael Pagán to help the boutique investment banking firm break into the mergers and acquisitions sector.