Southeast

The Florida Legislature's fiscal 2013 budget taps reserves of the state's 11 public universities to help balance the state budget — "a clear credit negative" for the schools, according to Moody's Investors Service.

Moody’s Investors Service on Monday downgraded to B3 from Ba3 the long-term rating assigned to Weirton Medical Center in West Virginia.

The latest in a series of grants from the Federal Emergency Management Agency will provide $68 million to New Orleans for street repairs.

Eight creditors holding various claims related to Jefferson County, Ala.’s defaulted sewer debt filed notices late Monday saying that they want to appeal the county’s eligibility to file a Chapter 9 bankruptcy petition.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida is extending the call date on all or a portion of $185.8 million of term bonds at the request of Citi.

DALLAS — The Louisiana State Bond Commission named Citi as senior managing underwriter for a negotiated sale of $400 million of state gasoline and fuels-tax revenue refunding bonds.

Jacksonville officials hope to net big savings next week when they price $557.5 million of refunding bonds.

WASHINGTON — The Fluvanna County Board of Supervisors voted 5-0 to petition the Virginia Supreme Court for an appeal of a lower court's dismissal of their lawsuit against former financial advisor Davenport & Co. over $67.5 million of 2008 bonds.

The Clay County, Tenn., Gas Utility District has again extended and modified its tender offer.

Georgia’s net tax collections for February were $765 million, an increase of nearly $50 million, or 7%, compared to a year ago.