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Moody's Investors Service downgraded Memphis-Shelby County Airport Authority's bond rating to A3 from A2 a day after Delta announced that the airport would no longer be a hub.
June 6 - Virginia
Sean E. Ekiert has joined Raymond James as a managing director in Richmond, Va.
June 6
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Jefferson County, Ala.'s sewer debt deal Tuesday may help it exit the country's largest municipal bankruptcy but it could leave several unresolved legal issues important to the municipal bond market.
June 5 -
In a precedent-setting decision that could have major ramifications for issuers, the Internal Revenue Service has ruled a Florida Community Development District is not a political subdivision that can issue tax-exempt bonds.
June 5 - Louisiana
The Louisiana Senate voted Monday to put a $113 million surplus from fiscal 2012 into the Medicaid program rather into the rainy day fund.
June 5 - Georgia
The watchdog group Common Cause Georgia is requesting that Atlanta schedule a referendum on public financing for the Falcons' $1 billion new stadium.
June 5 -
The Miami-Dade County commission gave final approval for an overall $4.24 billion bond program to finance the cost of water and sewer improvements.
June 5 -
Creditors are asking the 11th Circuit Court of Appeal in Atlanta whether a bankruptcy judge can remove a state-court appointed receiver. Jefferson County is appealing the judge's ruling on the use of sewer system revenues during bankruptcy.
June 5 -
Larry Langford, who orchestrated Jefferson County's failed sewer financings, refuted reports of his death but said he is quite sick and has been denied a request for early release from prison.
June 5 -
Jefferson County, Ala., approved a plan with JPMorgan, bond insurers and seven hedge funds holding $2.4 billion of sewer warrants that could help the county exit Chapter 9 bankruptcy.
June 4
