Southeast

Higher debt service coverage won Florida's environmental restoration bonds two rating upgrades ahead of a $46.5M competitive deal.

As the 10th anniversary of Hurricane Katrina nears, New Orleans has seen many improvements although the city still faces credit challenges, according to Moody's Investors Service.

Cobb County, Ga., plans to competitively bid $372.55 million of AAA-rated taxable bonds on Tuesday to finance the Atlanta Braves stadium.

Hillview, Ky, filed for Chapter 9 bankruptcy on Thursday listing its largest debt as an $11.4 million judgment for breach of contract; it also has $3.2 million of bond debt.

Florida's economists predict the state will rake in record revenues in fiscal 2016 and 2017, although state officials should also expect expenses to increase, a budget watchdog group warns.

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.

The Chapter 11 bankruptcy filing of Clayton County, Ga.'s only hospital is a favorable credit factor for the county, according to Moody's Investors Service.

The Vaccine & Gene Therapy Institute announced Friday that it will wind down operations by Oct. 1, leaving Port St. Lucie, Fla., on the hook for bond payments.

Riviera Beach, Fla., plans to price $57 million of pension obligation bonds Wednesday as part of a restructuring that closes the city’s own pension system to future hires.

Alabama Gov. Robert Bentley told community and business leaders that state legislators have failed to act like leaders and resolve the state’s budget crisis.