Bankruptcy

Texas’ El Paso County Hospital District received a two-notch Standard & Poor’s downgrade in the wake of the district’s legal settlement with an affiliated children’s hospital that’s in bankruptcy.

The Securities and Exchange Commission has obtained an emergency freeze of the assets of an Atlanta-based businessman and filed a lawsuit charging him and his associates with fraud for misusing investor proceeds that were intended to be used to purchase and renovate senior living facilities.

Cook County’s plan to veer from state law and make an actuarial-based pension contribution offers a “novel approach” that could shape public pension funding debate in Illinois, Fitch Ratings says.

A Rhode Island oversight panel voted to ask House Speaker Nicholas Mattiello to subpoena former baseball star Curt Schilling over the 38 Studios debacle.

The municipal market’s buyside views Chicago’s pension reform appeal before the Illinois Supreme Court as a longshot and wants the city to come up with an alternative.

Jefferson County, Ala.,’s 2013 sewer system debt remains at junk levels even though the county’s post-bankruptcy plan is working as intended so far, Fitch said while affirming its double-B ratings.

After amassing nearly $2 billion in unused bonding authority from Louisiana and Florida the past few years, BioNitrogen Holdings Corp. filed for Chapter 11 bankruptcy on Nov. 3.

The Nov. 10 agreement between the town of Morristown, N.J., and Atlantic Health System on Morristown Medical Center property tax appeals could have a "ripple effect" for no-for-profit hospitals across the U.S., according to Moody's Investors Service.

The fate of Chicago’s overhaul of two of its four pension funds now rests with the seven justices of the Illinois Supreme Court.

A U.S. Court of Appeals bankruptcy panel will hear arguments Thursday from Stockton, Calif. and creditor holdout Franklin Templeton Investments, which is appealing confirmation of the city's plan of adjustment.