Bankruptcy

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.