Southeast

BRADENTON, Fla. — Georgia issuers are facing new credit pressures and calls for conservation because of a looming deadline to cut back on withdrawals from certain river basins and a federal reservoir that provide drinking water to the state’s growing population.

WASHINGTON — The Village Center Community Development District in Florida is asking the Internal Revenue Service for legal advice on whether it is a political subdivision — an issue critical to the tax-exempt status of million of bonds it issued.

Standard & Poor’s has raised its rating to BBB-minus from BB on revenue bonds issued for Princeton Community Hospital.

The proposed $1.2 billion University Medical Center in New Orleans may be built with the proceeds from bonds supported solely by hospital revenue if federal mortgage insurance is denied for the debt.

Former Jefferson County commissioner Chris McNair on Monday reported to a federal prison in Illinois to begin a five-year sentence for corruption related to contracts for rebuilding the county’s sewer system, according to the Birmingham News.

BRADENTON, Fla. — Jefferson County commissioners Tuesday began making plans for placing nearly 1,000 workers on administrative leave without pay as they await legislative action to help solve the Alabama county’s ongoing financial crisis.

BRADENTON, Fla. — The Birmingham, Ala., Water Works Board on Monday will take orders from retail investors for $133.9 million of senior revenue bonds.

DALLAS — The proposed $1.2 billion University Medical Center hospital in New Orleans will require an annual subsidy from Louisiana of $100 million, according to a new financial analysis of the 424-bed facility.

BRADENTON, Fla. — The owners of the National Hockey League’s Atlanta Thrashers plan to sell the team to a group that will move them to Canada, leaving a void at the $213 million bond-financed Philips Arena.

WASHINGTON — U.S. Transportation Secretary Ray LaHood has scheduled a second meeting with local officials in Virginia for Friday as he tries to break an impasse over the cost of the second phase of the Washington, D.C., Metrorail extension to Dulles International Airport.