Bond defaults

FirstEnergy Corp. has reached a settlement with bond holders of pollution control notes issued by its bankrupt subsidiary FirstEnergy Solutions.

New Jersey Gov. Phil Murphy removed the outside law firm appointed by his predecessor, Chris Christie.

The Branson Airport settlement resolves bond claims and provides cash operators say is needed to stay afloat.

The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

A state bill to restructure the Santa Rosa Bay Bridge Authority’s bonds didn't pass; one analyst said it could have violated contract laws.

A federal judge dismissed a suit over Buena Vista’s bonds, but an appeal will put the city's moral obligation pledge on trial again.

Lombard Public Facilities Corporation creditors will receive $142 million of new bonds in exchange for $190 million of outstanding debt.

The Florida House Government Accountability Committee is willing to offer Garcon Point Bridge bondholders 50 cents on the dollar.

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

The plan calls for up to $55 million of borrowing to fund 2015 state health and pension benefits.

New Jersey Gov. Phil Murphy appointed his primary opponent to lead a review of the state’s intervention efforts.

Harvey, Illinois can ill afford higher pension contributions as it's yet to make good on defaulted bond payments.

Bankruptcy attorneys who work with local governments on project financing are paying attention.

State lawmakers will consider restructuring the Santa Rosa Bay Bridge Authority’s defaulted bonds and taking ownership of the Garcon Point Bridge.

After years of defaults, the Branson, Mo., airport has a new plan to deal with its fiscal distress.

The nonprofit rail company responsible for one of the largest defaults may sell bonds for an extension.

New Jersey's long track record of aiding distressed municipalities continues, according to S&P Global Ratings credit analyst Timothy Little.

S&P raised the city's rating on notch to CCC-plus and assigns a stable outlook.

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.”