South Carolina

Moody's upgraded Charleston County School District, S.C.'s general obligation debt to Aa1 from Aa2 citing its strong financial position.

S&P cut the ratings on the bonds of Tuomey Healthcare System in South Carolina two notches, to CC from CCC, citing the hospital's plan to file for bankruptcy if it fails to prevail in a federal lawsuit.

South Carolina's Tuomey Healthcare System told bondholders Wednesday that it will file for bankruptcy if it cannot resolve a dispute with the federal government, which won a $237 million judgment against the hospital.

Southeast bond issuance last year dropped 11% to $56.7 billion as rising interest rates took refundings out of the running and new-money volume was nearly flat.

S&P revised the outlook to negative on CCC-rated bonds for South Carolina's Tuomey Healthcare due to a $277 million fraud judgment and operating losses.

The Tuomey Healthcare System is fighting what it calls improper federal efforts to subordinate bondholders while it appeals a massive fraud judgement.

The Tuomey Healthcare System in South Carolina said it is appealing a jury verdict ordering it to pay $277.4 million for False Claims Act violations.

Columbia, S.C.’s $750 million sewer plan driven by a federal consent decree is a credit negative, Moody's says. More decrees in the Southeast are likely, the EPA warns.

With Southeast issuers facing big-ticket costs to rehab water and sewer systems under federal court orders, doubt about the future of munis is raising concern.

Columbia, S.C., has promised to spend more than $750 million to settle federal charges related to contaminating local waters with untreated sewage.

Richland County, S.C., voters will vote in November to decide whether to impose a new property tax to bond-finance build and expand existing libraries.

South Carolina's Charleston County Airport District plans to sell $175 million of bonds for improvements at Charleston International Airport.

Municipal bond issuance in the Southeast dropped nearly 12% to $30.7 billion in the first half of 2013. Sales were down in eight of the 11 states comprising the region.

The South Carolina Public Service Authority, known as Santee Cooper, will price $1.7 billion of bonds as early as Tuesday if market conditions warrant.

Columbia, S.C.-based Pope Zeigler has hired Larry Flynn to work out of the law firm's newly established office in Spartanburg.

The South Carolina Public Service Authority, known as Santee Cooper, had its bonds dropped to A1 from Aa3 by Moody's Investors Service ahead of a $1.7 billion sale.

The State Budget and Control Board approved $120 million in general obligation bonds June 18 to help with the expansion of Boeing's 787 Dreamliner plant.

The South Carolina Supreme Court has upheld the governance of the state's Transportation Infrastructure Bank.

A construction delay and cost overrun report in nuclear units being built at the Summer Nuclear Station is a credit negative for the South Carolina Public Service Authority, Moody's Investors Service said Monday.

The Tuomey Healthcare System in South Carolina Tuesday notified investors that S&P downgraded its bonds to BB because of a federal court ruling that could render it insolvent.