Southeast

S&P said the rating on the senior living revenue bonds Capital Trust Agency issued for borrower H-Bay Ministries Inc. of Texas will now be withdrawn in 30 days.

State Treasurer Folwell praised officials in two towns for taking concrete steps to pass responsible budgets and avoid a state takeover.

Gov. Jim Justice said strong revenue collections during fiscal 2021, amid the pandemic, left the state with with a $413 million surplus.

Fitch affirmed $14.3 billion of annual appropriation-backed debt at AA-plus in addition to the $1.1 billion of AAA-rated general obligation bonds.

The Bureau of Ocean Energy Management will initiate an environmental review for Virginia's large-scale commercial offshore wind project.

The U.S. Army Corps of Engineers and Miami-Dade are working on plans to protect against rising seas and violent storms, but will it be enough?

A new administration in Washington and the power of coastal atmospheric patterns may boost wind-turbine electricity generation in the Southeast.

The city faced significant challenges finishing its annual comprehensive financial report as a result of a cyberattack, an overhaul of financial systems and managing through the COVID-19 pandemic.

The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.

The company's $200 million capital investment is expected to create more than 1,000 jobs in the city.