Texas

The University of Texas System will issue $215 million of triple-A-rated debt that includes some of the $922 million in tuition revenue bonds authorized by the 2015 Texas Legislature.

Mission Regional Medical Center, in the Lower Rio Grande Valley of Texas, suffered a five-notch downgrade to B-minus from Standard & Poor's Global Ratings. The downgrade affects $26.5 million of outstanding debt.

The Texas Supreme Court’s decision to uphold Texas’ “Byzantine” school funding formula will end three years of litigation but have no immediate impact on state or local school district credits, according to Moody’s Investors Service.

Days after winning voter approval of $155 million of bonds to keep pace with growth, the Anna Independent School District on the outskirts of Dallas took a two-notch downgrade from Moody's Investors Service. Anna was one of dozens of Texas school districts whose voters approved nearly $5 billion of bonds May 7.

German Pellets Texas LLC and Texas Pellets Inc. filed petitions for Chapter 11 reorganization last month with $184.7 million of tax-exempt industrial development bonds outstanding.

The Texas Supreme Court upheld the constitutionality of the state’s school finance system, ending four years of litigation over unequal funding.

Facing new federal constraints on tax-exempt debt for projects with a private revenue stream, El Paso County, Texas, refunded tax-exempts with taxable bonds and still achieved interest rate savings.

Citing growing pension liabilities and other fixed costs, Moody's Investors Service downgraded Fort Worth, Texas, in advance of a $165 million issue.

Private Activity Bonds for a managed lanes project along one of the Houston area’s most congested corridors carry the lowest investment-grade rating from Fitch Ratings.

Catholic Health Initiatives, the nation’s second-largest nonprofit healthcare system, was downgraded by Moody’s Investors Service, affecting $7.3 billion of rated debt.

The Central Texas Regional Mobility Authority sees an opportunity for healthy savings through refunding bonds issued just five years ago.

Despite a prolonged slump in energy markets, Texas retains gilt-edged ratings that are expected to draw investors to $188.7 million of general obligation refunding bonds this week.

Austin, Texas is heading to market with $251.9 million of water utility refunding bonds with outlooks restored to stable from Moody's Investors Service and Fitch Ratings.

With $4.8 billion of bond proposals on local ballots, voters across Texas generally favored issuing debt for rapidly growing school districts.

Texas hospitals will continue to be reimbursed under the federal Medicaid program after the state received an extension of a waiver for 15 months, a positive credit factor for the state's nonprofit hospitals, according to ratings analysts.

Two hospital districts in the Permian Basin oil producing region of West Texas took downgrades from Moody’s Investors Service, one to speculative grade.

Developers of a proposed $12 billion Houston-Dallas bullet train want federal regulators to affirm their oversight of project.

After five months of declining sales tax revenue, Texas has recorded its second month of year-over-year growth, despite a further drop in oil revenue, state Comptroller Glenn Hegar said.

A $357 million federal TIFIA loan to a Texas P3 project will help finance construction of tolled express lanes on a Houston highway.

After lowering its debt service with strategic refundings over the past two years, North Texas Tollway Authority is looking for more savings with $947 million of first-tier revenue bonds.