Bond defaults

Market demand for the high yields offered by riskier paper is pulling such credits into the market, Municipal Market Analytics says.

Other debts are piling up that could make it harder to craft a solution favorable to holders of the affordable housing bonds, the trustee said.

The shuttered College of New Rochelle filed for Chapter 11 bankruptcy last week while it markets the Westchester County campus in an effort to pay off creditors.

Counting on transaction participants to file the UCC is like expecting the fox to guard the chicken coop.

After less than a year, the groundbreaking renewable-energy bond sale has run into problems, including several technical defaults.

The law firm representing the trustee for a $250 million student housing complex accused the University of Oklahoma of predatory behavior.

A commercial modular construction firm is interested in buying a bond-financed facility in a deal that would pay off the debt.

The two suburban affordable housing portfolios are owned by the Ohio-based Better Housing Foundation.

The goal of the 2018 Chapter 11 restructuring was to establish a capital structure supported by project revenues.

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.