Southeast

Moody’s Investors Service Tuesday upgraded the Georgetown County School District’s general obligation rating to Aa3 from A1, affecting $97.2 million of outstanding GOs.

In a one-day special session Friday, the Mississippi Legislature approved the issuance of $175 million of general obligation bonds as incentives for two major development projects.

Economic activity in Louisiana spurred by oil and gas exploration and production is a bright spot in a sputtering national economy, the head of the Federal Reserve Bank of Atlanta said last week.

Moody’s Investors Service last Thursday downgraded the Hillsborough County Aviation Authority’s revenue bonds to A1 from Aa3. The move affects $692.4 million of outstanding debt. The outlook is stable. The HCAA oversees Tampa International Airport on Florida’s west-central coast.

Former Jefferson County commissioner Larry Langford last week requested that the U.S. 11th Circuit Court of Appeals rehear the appeal of his pay-to-play conviction.

Hoover Mayor Tony Petelos said Tuesday that he is interested in becoming Jefferson County’s first manager. The 11-year former state representative is seeking an interview with the County Commission, he announced at a press conference.

BRADENTON, Fla. - Santa Rosa Bay Bridge Authority bondholders, in limbo since a majority of authority board members resigned and having seen a payment default July 1, may see some relief soon.

BRADENTON, Fla. - Tampa, Fla., Tuesday priced $121 million of water and sewer revenue bonds in a deal where more than half the sales went to retail buyers after the underwriters were incentivized to find them.

BRADENTON, Fla. - A federal bankruptcy judge in Tampa on Monday issued a final ruling in a developer's Chapter 11 filing that could have a chilling effect on owners of Florida community development district bonds, observers said.

Moody’s Investors Service last week downgraded the New Orleans Sewerage and Water Board’s revenue debt to Baa1 from A3 with a negative outlook. The move affects $172 million of outstanding sewer revenue bonds.