Vermont

The recent dismissal of a three-year old lawsuit against Burlington, Vt. related to its city-owned broadband provider Burlington Telecom is a credit positive for Vermont's largest city, according to Moody's Investors Service.

Vermont Gov. Peter Shumlin tapped Sarah Hofmann, executive director of the New England Conference of Public Utilities, to serve on the state's Public Service Board.

Standard & Poor's dropped its outlook on Vermont's AA-plus general obligation rating to stable from positive on Monday, citing lagging economic growth.

Vermont Gov. Peter Shumlin reached a deal Wednesday to cut about 2% from expenditures in the current budget.

Moody's Investors Service improved its outlook on Burlington, Vt.'s Baa3 general obligation rating to stable.

Burlington, Vt.'s settlement with Citibank in its dispute over Burlington Telecom is a credit positive for the city, Moody's Investors Service said.

Barely investment grade Burlington, Vt. has reached a preliminary agreement with Citibank to settle a dispute concerning Burlington Telecom.

Vermont expects to reduce its unfunded health care liability by $150 million through a waiver plan crafted by its teachers retirement system and Treasurer Beth Pearce.

While serving a prosperous city and picturesque tourist destination, Burlington, Vt.'s airport is one of the few passenger airports to which Moody's Investors Service has given a speculative grade.

Vermont's largest city, Burlington, is prosperous but a battle over the city's telecom enterprise with lender Citibank has damaged its bond ratings.

The settlement breakdown between Burlington, Vt., and Citi over a $33.5 million lawsuit regarding a city-owned telecom is a negative for the city, said Moody's.

The Vermont Student Assistance Corporation entered into the closing agreement with the Internal Revenue Service over $165 million of education loan revenue bonds they issued in 1998.

Moody’s Investors Service revised the outlook on Baa1-rated Fletcher Allen Health Care to positive from stable, affecting $330 million of outstanding debt.

Following a downgrade from Fitch Ratings, Burlington, Vt., is planning to sell $26.4 million of airport refunding revenue bonds this week.

Standard & Poor's has revised Vermont's outlook to positive from stable based on its continued improved financial position.

Vermont's $10 million bond sale will help it receive an additional $51 million in federal funding for bridge and road projects throughout the state, said State Treasurer Beth Pearce.

Vermont plans to sell $10 million of special obligation transportation infrastructure bonds to fund bridge reconstruction and roadway reconfiguration projects.

The Vermont Municipal Bond Bank is expected to sell $44.3 million of tax-exempt bonds and federally taxable qualified school construction bonds the week of July 9.

Moody's Investors Service dropped Burlington, Vt.'s general obligation rating three notches, citing the city's strained finances caused by its support to Burlington Telecom, the city-owned cable, Internet and phone service provider

Moody's Investors Service upgraded a long-term letter-of-credit backed rating to Aa2 from A1 and confirmed the short-term VMIG 1 rating of the Vermont Student Assistance Corp.'s education loan senior revenue bonds, Series 2008C-1 and C-2.