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A federal judge has granted a 30-day extension for All Aboard Florida and the U.S. Department of Transportation to respond to lawsuits challenging a $1.75 billion private activity bond allocation to finance a private passenger train project.
By Shelly SigoNovember 7 - Georgia
Hartsfield-Jackson Atlanta International Airports revenue bonds received a one-notch upgrade to AA-minus by Fitch Ratings, which cited a 20-year lease agreement with Delta Air Lines as a major factor behind its action.
By Shelly SigoNovember 4 -
A lawsuit that threatens to invalidate the sole security for bonds issued by the Chilton County Health Care Authority in Alabama prompted Fitch Ratings to place debts AA-minus rating on watch negative.
By Shelly SigoNovember 3 -
The developers of the All Aboard Florida intercity passenger train project unveiled a new financing strategy in court documents saying that it is designed to moot two pending federal lawsuits nearing conclusion in Washington, D.C.
By Shelly SigoNovember 2 -
Competition for tertiary care and declining admissions at Opelousas General Health System in Louisiana led S&P Global Ratings to lower the hospitals bonds below investment grade.
By Shelly SigoNovember 1 -
Indian River and Martin counties filed motions for summary judgments requesting a federal judge block the $1.75 billion private activity bond allocation for All Aboard Floridas Brightline passenger train project.
By Shelly SigoOctober 27 -
The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.
By Shelly SigoOctober 26 - Georgia
Triple-A rated Georgia reported $136.4 million of present value savings on an $890 million general obligation refunding, helped by improved negative arbitrage conditions.
By Shelly SigoOctober 24 - Florida
The Florida Hurricane Catastrophe Fund is well positioned to absorb losses, the funds financial advisor says, even though $454 million in insurance claims have been filed since Hurricane Matthew brushed the state.
By Shelly SigoOctober 20 -
Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.
By Shelly SigoOctober 19