Bond defaults

The impact of defaults by non-GO bonds was negligible to nonexistent on the ratings of GO bonds issued by the same local governments.

Without a successful appeal, Employees Retirement System bondholders won't get their bond payments during the bankruptcy.

German Ramirez and Richard Prann of HJ Sims talk from Puerto Rico about the situation on the island and discuss COFINA and the IRS, what's new with the GDB bonds and with the commonwealth's GOs. Chip Barnett hosts.

Better Housing Foundation defaulted on $84 million of bonds and lacks funds to maintain the properties.

The troubles of the Better Housing Foundation bonds had been flagged in earlier rating downgrades and disclosure statements.

A trend of selective repudiation in the manner of Platte County would be credit negative for governments using lease appropriation debt, said Moody's.

The Florida Department of Transportation wants a court to decide who is responsible for setting tolls to service debt that financed the Garcon Point Bridge.

Platte County may still face market penalties, even though it's not legally required to fund annual debt service supported by its appropriation pledge.

Platte County wants a summary judgment that would let it off the hook for debt issued with its appropriation pledge for the Zona Rosa shopping center.

Holders of $20 million of bonds received $3 million from the sale of the facility.

As the company moves to exit Chapter 11, it wants Ohio and Pennsylvania to force ratepayers to subsidize its unprofitable nuclear power plants.

The debt service reserves for the Better Housing Foundation deals were drained to make the last bond payment.

Joseph Rosenblum said he wore many hats, sometimes acting as financial analyst, political scientist, attorney, or investigator.

A Chicago-area ice rink facility built with $20 million of bonds is being sold for $10 million.

Moody's dropped to Caa3 a pool of pension obligation bonds likely to be dragged down by wildfire damage to Paradise, California.

Platte County remains at odds with holders of the $32 million Zona Rosa bond issue about its responsibility to cover debt service shortfalls.

UMB Bank also wants the Florida Department of Transportation to pay $75 million in damages.

Some of the Southern California Logistics Airport Authority bonds remain at junk even after the Moody's upgrade.

Holders of Platte County Industrial Development Authority's 2007 Zona Rosa bonds were hit with their first payment default.

The Mojave Desert city will soon be current on bonds that led the city to a bond fraud settlement with the SEC.