Southwest

The cities of Midland and Odessa, Texas, are among 11 local issuers in the state’s oil producing region under review for downgrade from Moody’s Investors Service.

Under its new corporate structure, Hilltop Securities can picture itself atop the financial advisory ranks in the not-too-distant future, top executives say.

Under the $6.2 billion budget signed by New Mexico Gov. Susana Martinez, spending is reduced for the first time in five years due to persistently low oil and gas prices.

The State Highway 130 Concession Company led by toll road developer Cintra will try to reorganize under Chapter 11 bankruptcy after revenues from the $1.35 billion project fell far short of projections.

Texas sales tax revenue fell 6.8% in February compared to the same month last year and is down 4% over the past three months, according to Comptroller Glenn Hegar.

With four months remaining in the fiscal year, Kansas revenue is running nearly $80 million short of projections after the latest monthly report.

The heavily indebted North Texas Tollway Authority continues to reduce losses from toll violators as the region’s drivers seem undeterred by automatically increasing rates, according to Moody’s Investors Service.

Denver will raise long-term financing to redevelop the National Western Complex with some of the proceeds from a $425 million issue that will include refunding.

Falling tax assessments on Energy Future Holdings power plants could strain local budgets in six Texas counties as the company tries to emerge from the nation's largest corporate bankruptcy.

A sharp decline in cash sent the Mission, Texas, Hospital District's rating further into junk territory, according to Moody's Investors Service.