Southeast

Bankrupt Jefferson County has formally set its next hearing on sewer system rates for July 24, though no rate proposal is currently being considered.

Standard & Poor's has downgraded $128 million of student housing revenue bonds sold by the Capital Projects Finance Authority, Fla., to D, the lowest junk rating possible.

Louisiana State Bond Commission will consider a request Thursday from the Tiger Athletic Foundation for $75 million of revenue bonds to finance an expansion project at Louisiana State University's football stadium in Baton Rouge.

An appellate court has denied a motion by environmental groups to stay the Nuclear Regulatory Commission's approval of the construction and operating licenses for two new nuclear units at Plant Vogtle in Georgia.

The IRS is auditing $378.15 million of gas supply variable rate revenue bonds and $4.82 million of gas supply fixed rate subordinated revenue bonds that the Lower Alabama Gas District issued in September 2007.

West Virginia's Mountain State University lost its investment-grade bond rating after announcing that it may lose its accreditation.

The 11th Circuit Court of Appeals Thursday granted permission for nine petitioners to directly appeal federal Judge Thomas Bennett's ruling that stripped a state-court appointed receiver of the right to run Jefferson County's sewer system.

With an eye toward expansion, Memphis-based FTN Financial Capital Markets recently brought on six new traders and sales professionals for its muni division.

Florida's most populous county, Miami-Dade County, plans to head to the bond market next week in search of investors for the county's transit bonds.

Assured Guaranty Municipal Corp. Tuesday asked Jefferson County, Ala.'s bankruptcy judge to order the county to file a plan of adjustment by the end of September.