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Evans was so broke after years of fiscal mismanagement it couldn't get a loan because its credit rating had been withdrawn.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

FirstEnergy Corp. has reached a settlement with bond holders of pollution control notes issued by its bankrupt subsidiary FirstEnergy Solutions.

The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

Some of the legal precedents potentially being set in Puerto Rico erode the expectations and good order of the municipal bond marketplace that finances the activities of states and municipal instrumentalities nationwide.

Lombard's failure to honor its appropriation pledge cost bondholders dearly in a hotel project bankruptcy.

An electric cooperative’s cross claim could upend the South Carolina Public Service Authority’s ability to collect nuclear-related costs.

Lombard Public Facilities Corporation creditors will receive $142 million of new bonds in exchange for $190 million of outstanding debt.

Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."

The plan calls for up to $55 million of borrowing to fund 2015 state health and pension benefits.

The Iron County Hospital District in Pilot Knob, Missouri, filed for protection from its creditors Wednesday.

PREPA says a widespread shutdown of electricity on Wednesday is inevitable without a major cash infusion.