Law and legal issues

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

Material improvements in spending flexibility led Fitch to give Alabama’s most populous county a two-notch upgrade.

The university can issue debt or pay cash to cover the settlement but either option has credit consequences.

A judge had previously ruled that the airport should void a retail contract, putting its revenues at risk.

They seek damages damages from a litany of professional firms over the capital city's plunge to near bankruptcy.

The Illinois city's revenue bondholders want any legal settlement to prioritize their claim over those of pension funds.

S&P placed MSU on CreditWatch with negative implications, citing a lack of clarity on how the settlement will be paid for.

The lawsuit says the state's plan to pay off oil producers by issuing bonds violates the state constitution.

Tampering with funds from a debt sale was among the allegations that landed Crystal City's former city attorney and city manager the long sentence.

The National Federation of Municipal Analysts is concerned that a district court ruling on Puerto Rico highway bonds could be a landmark change for the worse when it comes to how investors view revenue bonds.

Stockbridge's attorneys filed a state constitutional challenge in local court, and plan to file a civil rights complaint in federal court soon.

The California city's supporters portray a lasting turnaround, but growing pension liabilities could bring trouble.

The university has not said how it intends to pay for the legal settlement.

Bills that stripped territory from Stockbridge without apportioning its debt are credit negative for Georgia local governments and could impose higher borrowing costs.

The Illinois pension intercept law could pose rating strain but also force funding discipline over long term, according to S&P Global Ratings.

Evans was so broke after years of fiscal mismanagement it couldn't get a loan because its credit rating had been withdrawn.

Louisiana plans to ask firms if their policies “infringe on the constitutionally protected rights” of citizens to lawfully keep and bear arms.

Gov. Nathan Deal signed the bills over the objection of Stockbridge bondholders.

Moody's Investors Service lowered the university one notch to Aa2.

The South Carolina-owned agency’s A1 bond rating could be lowered due to threats from pending legislation and litigation, Moody’s said.