Economy

The downgrade affects $2.1 billion in bond debt and extends to its utility debt.

Recent EPA regulations mandating utilities remove lead pipes from distribution systems within 10 years will add to the financial burden.

More project finance deals are part of FHN Financial's plans to grow its municipal finance business.

The groups are taking advantage of the Committee's invitation to address tax teams.

After Minnesota's second-largest healthcare employer was downgraded by rating agencies, the Minnesota Nurses Association took aim at Allina Health's board.

Local governments that were in Hurricane Milton's path, however, will face significant credit challenges, Moody's said.

Fitch revised upward its outlook for Marin General Hospital and affirmed its revenue bonds at BBB, and general obligation bonds at AA-minus.

The results of two investigations into overcharging on San Diego's SR 125 toll road revealed management knew about the issues long before they came to light.

Falcone's agenda as president of the group will include tax provisions, subsidies, permit reform and affordable access to credit.

Santa Cruz, on California's coast, was particularly hard hit by flooding in 2023. In addition to the the I-Bank loan, the city secured a federal loan.