Southeast

Fitch Ratings on Tuesday became the third agency to withdraw its rating on $131.2 million of defaulted toll-bridge bonds issued by north Florida's Santa Rosa Bay Bridge Authority.

In the final stretch of Florida's annual session, lawmakers are taking action on a $74.5 billion state budget, bills affecting agencies with bonding authority, and subsidies to finance pro-sports stadium upgrades.

Arlington County, Va., will come to market Tuesday with about $190 million of triple-A rated debt. The county has a strong economic profile but faces some challenges from federal cutbacks.

Moody's Investors Service issued a report on Wednesday that examined the local governments and school districts that rely on federal employment, procurement, Medicare reimbursement and education grants that would be most affected by sequestration.

New Orleans Aviation Board will build a smaller but more efficient passenger terminal with proceeds from $475 million of airport revenue bonds.

Gilt-edged Charlotte, N.C., will close May 7 on a $171 million deal that saw significant refunding savings as well as low borrowing costs at pricing, according to Treasurer Scott Greer.

Kentucky Treasurer Todd Hollenbach is asking residents of the state to urge their congressional representatives to save the tax-exemption on municipal bonds.

Miami-Dade County commissioners at their regular meeting May 7 will be asked to create a task force to study increasing the local sales tax to pay for needed infrastructure.

A hearing in Alabama federal court will consider a motion by Bank of New York Mellon, which wants a detailed review of bankrupt Jefferson County's sewer system finances, studies, assets, and future plans.

The Virginia Supreme Court has reinstated Fluvanna County, Va.'s lawsuit against Davenport & Co. LLC, which seeks damages for state and federal security law violations the county claims the firm committed while serving as its financial advisor.