Southeast

The Metropolitan Atlanta Rapid Transit Authority adopted a $885.7 million budget for fiscal 2015 and approved the sale of $287 million of bonds June 5.

Fitch revised the outlook to negative on Alabama's Birmingham Airport Authority bonds citing erosion in the enplanement base as debt service obligations begin to increase.

Three new indictments were handed down in a widening Orlando-Orange County Expressway Authority scandal and a fourth person pleaded guilty to violating Florida's sunshine law.

Florida Gov. Rick Scott OK'd a record $77 billion budget June 2, and used his line-item veto pen to cut $69 million – the smallest reduction since becoming governor.

The Louisiana Legislature passed a bill unanimously that would require all issuers to fulfill disclosure requirements, and have auditors check for compliance.

Municipal market issuers should disclose bank loans even if there is no regulatory requirement to do so in order to avoid credit concerns, market experts said Tuesday.

The Environmental Protection Agency's proposed rule to cut carbon dioxide emissions as much as 30% by 2030 will drive up costs for coal-dependent states, Florida Commissioner of Agriculture Adam Putnam said.

Moody's downgraded Wayne Memorial Hospital's issuer rating to Baa1 from A3 due to the North Carolina hospital's "recent weak operating performance and low revenue growth."

The first hearing in Jefferson County, Ala.'s bankruptcy appeal has been reset to July 18 from May 15 due to a court scheduling conflict.

Floridians likely will see water and sewer rates increase, and utilities may see greater political pressure around future rate hikes, according to Fitch.