Southeast

It could be January before Louisiana determines how much of a fund balance is available for the next budget, state legislators learned Friday. The uncertainty is delaying state bond sales.

Standard & Poor's lowered its ratings to A-plus from AA-minus on Pineville, La.'s utility revenue bonds due to "sizeable" budget transfers.

Louisiana will sell $675 million of bonds next month if a dispute over a year-end surplus clears up and ratings can be obtained.

The N.C. Eastern Municipal Power Agency's outlook is positive due to the pending sale of its assets to Duke Energy Progress, Moody's said.

Virginia officials would have to notify lawmakers about potential risks of new transportation P3 agreements under proposed guidelines.

Four years after the Sunshine state passed a law authorizing PACE project financing, billions in bonds face legal challenges before the Florida Supreme Court.

Moody's changed the outlook to positive from stable on Atlanta's Aa2 GO bond rating due to stabilized reserve levels and a return to economic growth.

Jefferson County said Friday it will appeal an Alabama federal judge's ruling that threatens investors' security in $1.8 billion of sewer warrants sold last year.

The Chapter 11 bankruptcy of a public benefits corporation in Kentucky highlights the risks associated with such agencies, Moody's said.

An Alabama federal judge set a July 2015 trial date for two ex-JPMorgan bankers facing pay-to-play charges in Jefferson County's sewer deals and swaps.