Southeast

The Kentucky county’s BB general obligation bond rating was withdrawn less than a month after S&P Global Ratings downgraded the bonds seven notches.

The plan would raise power costs, but analysts say municipal utilities and energy cooperatives can absorb the increases or pass them on to customers.

Gov. John Bel Edwards objected to a spending plan that would impose cuts of more than 24% on most state agencies.

For three hours Monday, members of the state Parkways Authority hashed out details for the sale of more than $300 million of turnpike bonds, a plan the authority is expected to formally approve on Thursday.

The U.S. Department of Transportation told All Aboard Florida that it now has until Dec. 31 to sell the $1.15 billion of bonds.

S&P said a state law de-annexing a major portion of one city to create another may affect all of its Georgia municipal rating assessments.

A recent survey revealed that Davidson County voters overwhelmingly support an education bond package, but have little desire to pay for a new sports complex.

The Securities and Exchange Committee said its Investor Advisory Committee might made a recommendation related to enhanced municipal and corporate bond disclosure.

Economic development and infrastructure were the most mentioned issues by mayors in their annual states of the city addresses.

State-owned utility Santee Cooper received two subpoenas that appear to focus on a secret assessment report about the foundering project.