Southwest

German Pellets Texas LLC and Texas Pellets Inc. filed petitions for Chapter 11 reorganization last month with $184.7 million of tax-exempt industrial development bonds outstanding.

The Texas Supreme Court upheld the constitutionality of the state’s school finance system, ending four years of litigation over unequal funding.

Facing new federal constraints on tax-exempt debt for projects with a private revenue stream, El Paso County, Texas, refunded tax-exempts with taxable bonds and still achieved interest rate savings.

Colorado state lawmakers have passed legislation designed to validate previous elections of special districts and protect them from legal challenges to their “qualified electors” who vote to create the districts and authorize issuances of tax-exempt bonds.

A Colorado lawmaker’s proposal for a $3.5 billion state road bond referendum fails in the final hours of 2016 session.

Citing growing pension liabilities and other fixed costs, Moody's Investors Service downgraded Fort Worth, Texas, in advance of a $165 million issue.

Private Activity Bonds for a managed lanes project along one of the Houston area’s most congested corridors carry the lowest investment-grade rating from Fitch Ratings.

Catholic Health Initiatives, the nation’s second-largest nonprofit healthcare system, was downgraded by Moody’s Investors Service, affecting $7.3 billion of rated debt.

The Central Texas Regional Mobility Authority sees an opportunity for healthy savings through refunding bonds issued just five years ago.

Despite a prolonged slump in energy markets, Texas retains gilt-edged ratings that are expected to draw investors to $188.7 million of general obligation refunding bonds this week.