Bankruptcy

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.

An Alabama group wants the justices to rule on a state law backing the county’s recent refunding deal.

The Municipal Electric Authority of Georgia voted to finish the two reactors, but cost was not disclosed.

The district's debt holders must vote on a new Chapter 9 plan of adjustment.

Moody's says the South Carolina Public Service Authority’s delay on rates is a credit negative.

The non-profit issued the debt through a Wisconsin agency, the Public Finance Authority, which specializes in acting as a conduit for risky debt.

A bankrupt Texas issuer hasn't missed a bond payment, in contrast to the default of an issuer that hasn't filed.

The South Carolina agency says the rate increases are unneeded even with $7.7 billion of bonds to support.

About $7.7 billion of debt is at stake as South Carolina's governor talks with investor-owned utilities about selling the public power agency.

The borrowing will pay for settlements with six casino properties.

The Puerto Rico Title III judge signaled she may reject a motion that would open the door to bondholders taking over the Puerto Rico Electric Power Authority.

A Lackawanna County court says a state law that caps tax rates supersedes city home-rule provisions.

With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.