Bankruptcy

Chicago's new borrowing entity brings $575 million of sales tax securitization bonds to market this week.

A bankruptcy court judge is weighing whether the municipal government-sponsored project qualifies for Chapter 11.

The Georgia Public Service Commission will determine if the twin reactor project at Plant Vogtle will go forward.

The Tulare Local Health Care District defaulted on its revenue bonds and closed its hospital.

S&P raised the city's rating on notch to CCC-plus and assigns a stable outlook.

It is unclear whether bond investors will be included as creditors in the California hospital district's bankruptcy.

The high court case could have undermined the sales tax refunding warrants that priced in July.

The Tulare Local Healthcare District has both general obligation and revenue bonds outstanding.

Robert Lamb of Lamont Financial Services is a veteran of municipal turnaround efforts in Connecticut.

The Department of Energy approved $3.7 billion in loan guarantees for the Plant Vogtle project.

The rating agency says Assured Guaranty and Build America Mutual are open to a traditional bond refinancing, not a bond restructuring or a haircut.

Hartford, Conn.’s debt rating was dropped to CC by S&P Global Ratings Tuesday, which called a default, distressed exchange, or redemption a “virtual certainty.”

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.

While Mayor Luke Bronin awaits state aid from a fractious government, a bondholder call looms.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

The capital city has threatened to file bankruptcy in 60 days if it doesn't get sufficient state help.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

Fitch Ratings said the increased costs to complete reactors at Plant Vogtle drove the downgrades.

The Georgia pubic power agency will use bonds and loans to complete its share of the project.