Bankruptcy

The Nacogdoches County Hospital District took a nine-notch downgrade as it prepares to file for bankruptcy.

States and localities can’t continue to postpone resolving their pension problems or they will crowd out essential services and infrastructure and lose population, Chapman Strategic Advisors managing director James Spiotto says in a paper to be delivered in Washington on Tuesday.

State-owned Santee Cooper wants the high court to affirm its authority to set rates and pay off bonds that financed its scrubbed nuclear reactor project.

State-owned utility Santee Cooper received two subpoenas that appear to focus on a secret assessment report about the foundering project.

The $139 million refunding saved Alabama’s most populous county $12.35 million in debt-service costs.

Material improvements in spending flexibility led Fitch to give Alabama’s most populous county a two-notch upgrade.

The National Federation of Municipal Analysts is concerned that a district court ruling on Puerto Rico highway bonds could be a landmark change for the worse when it comes to how investors view revenue bonds.

The California city's supporters portray a lasting turnaround, but growing pension liabilities could bring trouble.

Evans was so broke after years of fiscal mismanagement it couldn't get a loan because its credit rating had been withdrawn.

The South Carolina-owned agency’s A1 bond rating could be lowered due to threats from pending legislation and litigation, Moody’s said.