Southeast

Two other banks set to underwrite the $634 million bond issue dropped out of the transaction after facing pressure from activists and investors.

An increase to $30 billion from $15 billion on the PAB allotment overseen by the Department of Transportation was one suggestion a House panel heard Thursday.

The ratings agency also said it expects cruises will resume at modest levels in the second half of this year.

The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.

Miami and Miami-Dade County are conducting studies of how to use cryptocurrencies in various local government capacities.

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

Fitch also affirmed the authority's $1.8 billion of senior lien bonds at AA-minus and $968 million of subordinate lien bonds at A-plus.

The settlement shifts about $30 million of hospitality fee revenue from Horry County, South Carolina, to local governments there, including Myrtle Beach.

Apple said it expects the new campus in Raleigh’s Research Triangle area will create at least 3,000 new jobs and when finished is forecast to generate over $1.5 billion in economic benefits annually for North Carolina.

The pact may generate up to $2.5 billion in revenue for the state in the next five years and $6 billion through 2030.