Southwest

El Paso Children’s Hospital's bankruptcy filing led to board resignations and the threat of a rating downgrade, though $120 million of bonds appear well secured by a general obligation pledge.

Arizona’s moves toward a structurally balanced budget earn an upgrade from Standard & Poor’s to AA from AA-minus.

Oklahoma will reduce spending by $74 million or 1% under a $7.1 billion budget agreement between Gov. Mary Fallin and legislative leaders.

The Texas Senate approved a bill already passed by the House that provides $3 billion of tuition revenue bonds for the state’s colleges and universities.

El Paso Children’s Hospital filed for Chapter 11 bankruptcy protection on May 19 after negotiations over a debt to county-owned University Medical Center fell apart, officials said.

Van Independent School District is on Standard & Poor's watch list for a possible downgrade after a tornado damaged the East Texas town.

Seven months after winning voter approval of one of its largest bond proposals, Austin Community College District will offer the market $175 million of bonds supported by its fast-growing tax base.

Bexar County Texas now boasts triple-A ratings from three agencies after Standard & Poor's lifted its AA-plus rating a notch amid positive economic trends.

A plan to increase Texas school funding by $3 billion and reform the funding formula died in the state Legislature as sponsor Jimmie Don Aycock threw in the towel.

Salt River Project, one of Arizona's largest public utilities, saved about $90 million or 14% on a $924 million issue that combined $300 million of new money with refunding of outstanding debt, officials said.