Southeast

WASHINGTON — Fitch Ratings downgraded the Weirton Medical Center in West Virginia on Friday after Moody’s Investors Service took similar action earlier this year. But credit analysts and hospital managers said Weirton has the cash to make its debt-service payments.

BRADENTON, Fla. — Former Jefferson County commissioner Gary White has become the latest of nearly two dozen people and companies in Alabama convicted for corruption involving the county’s debt-clogged sewer system.

BRADENTON, Fla. — The Palm Beach County Solid Waste Authority is preparing to launch an $820 million bond financing program for the construction of one of the first waste-to-energy facilities built in the U.S. in many years.

BRADENTON, Fla. — Faced with a looming deficit and difficult union negotiations, officials in Miami are looking at ways to shore up a nearly $100 million hole in next year’s budget.

BRADENTON, Fla. — The Florida Municipal Loan Council and the city of South Miami have notified investors in the Series 2002A and 2006 pool bonds that they have voluntarily entered the Internal Revenue Service’s compliance program.

WASHINGTON — Florence County, S.C., will begin issuing $122.4 million of revenue bonds Monday for several projects at the McLeod Regional Medical Center as the hospital chain has demonstrated credit strength despite a struggling regional economy and the changing health care environment.

DALLAS — Today’s negotiated sale of $104.5 million of general obligation refunding bonds by the Orleans Parish Parishwide School District is seen as an indication that New Orleans is recovering from the devastating storms of 2005.

DALLAS — The Louisiana State Bond Commission on Thursday amended its allocation policy for Gulf Opportunity Zone bonds to provide up to $500 million of the debt for a major industrial project.

BRADENTON, Fla. — Crews this week began geotechnical and survey work on the first phase of Florida’s $2.6 billion high-speed rail project from Tampa to Orlando, which is set to be built in the median of Interstate 4.

DALLAS — The federal ban on new deepwater drilling in the Gulf of Mexico could be more devastating to the region’s economic recovery than the crude oil that gushed from the BP well blowout for almost three months.