West Virginia

State governors and other public officials who warned that new Environmental Protection Agency regulations could cause significant economic harm to their states and localities are hailing the Supreme Court’s decision to place a stay on the EPA’s plan.

A court’s refusal to block the federal Clean Power Plan rule is a credit negative for big coal-fired generators, cities that issued bonds to finance units, and for coal-dependent states, Moody's Investors Service said.

West Virginia’s credit outlook has turned negative due to pressures from energy sector layoffs and the state’s rising unemployment rate, according to Moody's Investors Service.

Pennsylvania Gov. Tom Wolf joined a three-year cooperation agreement with West Virginia and Ohio to collaborate on areas critical to maximizing shale gas region growth.

Issuers in the Southeast sold $41.56 billion of bonds in the first half of 2015, an 85% increase in year-over-year volume fueled by refundings and a slight uptick in new-money sales.

Special highways panel says West Virginia needs to increase transportation funding by $1.1 billion per year.

A bill before the West Virginia Legislature would provide bond financing to build a state-owned fiber optic network to bring fast Internet service to rural areas of the state.

A three-mile segment of the Coalfields Expressway will be the first public-private partnership project to be built under West Virginia's new P3 law.

West Virginia told the EPA in comments filed Dec. 1 that its plan to reduce carbon dioxide emissions is “unprecedented” and “patently illegal.”

A West Virginia pilot program expanding the number of municipalities receiving home rule powers is credit positive, Moody's said Oct. 16.

West Virginia is seeking a private partner to build a 3.3-mile segment of the Coalfields Expressway in the state's first P3 project under a 2013 law.

S&P lowered its underlying rating to A from A-plus on West Virginia University's bonds citing deteriorating financial ratios because of bond issuances in recent years.

A long-awaited report that recommends West Virginia issue $1.5 billion in bonds to fund transportation projects will be released in September.

Southeast municipal bond issuers sold $21.78 billion of debt in the first six months of the year, a 31.4% decline driven by fewer taxable and refunding deals.

Moody's downgraded Glenville State College, W.Va.'s rating to Ba2 from Baa3 citing its exposure to $25 million in bank debt and other fiscal stresses.

Rules proposed by the Environmental Protection Agency could have a material impact on the public sector, Bank of America Merrill Lynch analysts said.

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.

The developer of Stonewall Jackson Lake State Park Resort in Roanoke, W. Va., says plans for new lodging will help pay defaulted municipal bonds issued for the project.

State budgets seem to be "stabilizing and settling into a period of modest growth," but recovery from the Great Recession is still "a work in progress," a report from the National Conference of State Legislatures found.

Standard & Poor's placed a negative outlook on the West Virginia's school lottery revenue bonds due to increased gaming competition from neighboring states.