Texas

Hidalgo County Health Services Corp. debt issued for the Mission, Texas, Regional Medical Center moved closer to a default rating as S&P Global Ratings dropped $26.7 million of bonds to CCC from B-minus.

Three of Texas’ largest cities have already paid a price for unfunded pension obligations in the form of rating downgrades. Now there are worries that pension obligations could squeeze their ability to issue debt for infrastructure.

S&P Global Ratings downgraded to junk $172 million of bonds for two private immigration detention centers after two federal agencies announced initiatives to end or reduce use of such facilities.

Texas now has the nation's largest rainy day fund after Alaska drained nearly a third of its fund in one year, according to a study by the Texas Comptroller's Office.

State and local governments and showing a wide variety of impacts from the collapse of the oil market that began two years ago, ratings analysts say.

Houston Mayor Sylvester Turner wants to issue $1 billion of bonds as part of a comprehensive 30-year plan to rein in the city’s ballooning pension liabilities.

Central Texas transportation planning agency is looking into a proposed aerial tramway system in Austin.

With its fiscal year completed Aug. 31, Texas came up 1.3% short of revenue estimates used to budget for fiscal year 2016, state Comptroller Glenn Hegar reported.

Bonds for three private prisons in Texas suffered downgrades well below junk-bond status from S&P Global Ratings after the U.S. Department of Justice announced plans to discontinue their use.

The Texas Water Development Board expects the market to quickly absorb its $711 million of top-rated revenue bonds.

Caught up in a dispute between county tax appraisers and the bankrupt owner of a nuclear power plant, a tax-supported hospital district in Glen Rose, Texas, has defaulted on its debt payment, according to a disclosure notice.

Dallas County Judge Clay Jenkins’ advocacy for two Dallas-based bond firms in a $168 million issue led to accusations of interference in a process designed to avoid political influence.

After approving a plan to finance $70 billion of projects over the next decade, the Texas Transportation Commission will issue $712 million of bonds in September to take care of current needs.

The federal Bureau of Prisons' phase out of private prisons has only a small effect on the municipal bond-financed private lockup sector, leaving bond-financed immigration detention centers untouched.

Providence Health & Services took a one-notch downgrade from Fitch Ratings, ahead of a planned &803 million revenue bond deal for Providence St. Joseph Health.

Austin, Texas, council unanimously puts a $720 million mobility bond referendum to fund rebuild of city streets to November vote.

Lenders will own the private operator of State Highway 130 near Austin under a Chapter 11 bankruptcy reorganization plan filed last week.

Despite a two-year slump in the energy industry, local sales tax revenue for Texas cities, counties and other jurisdictions rose 1.2% in July, state Comptroller Glenn Hegar reported.

A rural Texas county along the route of a proposed high-speed rail link between Dallas and Houston voted in restrictions that could throttle the $10 billion private project.

With energy in the doldrums, Texas saw its sales tax revenue fall 1.5% in July compared to the same month last year, said state Comptroller Glenn Hegar.