Southeast

The low-interest federal loans will complete financing packages for Virginia's express lane extension outside Washington D.C. and Maryland’s Purple Line light rail project.

A report from CreditSights says risks will increase for coastal issuers of municipal bonds with increased flooding at high tides and during storms.

“I want to break ground next year,” Kentucky Gov. Andy Beshear said.

North Carolina Treasurer Dale Folwell talks with The Bond Buyer's Chip Barnett about how the state's economy has remained in financially good health despite dealing with the COVID-19 pandemic as well how the state deals with troubled municipalities. As chair of the debt affordability commission, he chats about bond issuance. He also discusses the ways to reform healthcare and increase transparency. (15 minutes)

Overall volume in the Southeast rose 1.8% last year even as taxable issuance plunged and refunding deals shriveled up.

Graceland drew on reserves to cover the Jan. 1 payment on two bond series and three other series were unable to make their interest payments.

Gross savings from the transaction is expected to be $378 million, or about $11 million a year, which would result in around $250 million in net present value debt service savings.

S&P Global Ratings has revised the outlook to positive from stable on the Bluegrass State and affirmed the A issuer credit rating.

S&P said the action reflects the Orlando International Airport's financial resilience during the pandemic and its strong passenger recovery trends.

S&P raised the Metropolitan Nashville Airport Authority, Tennessee's senior-lien airport revenue bonds issued for the Nashville International Airport to A-plus.