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Federal aid will alleviate financial challenges for southern Louisiana parishes affected by this months flooding, but the disaster remains a credit negative for the state and local governments, Moody's Investors Service said/
By Shelly SigoAugust 29 - Tennessee
Tennessee said it received a combined interest rate of 2.16% on the recent sale of $366 million of general obligation bonds the lowest rate in state history.
By Shelly SigoAugust 26 - Virginia
Virginia may take money from budgeted salaries and $378 million from reserves, said Gov. Terry McAuliffe, to tackle a portion of the $1.48 billion budget shortfall projected in fiscal years 2016 to 2018.
By Shelly SigoAugust 26 - Mississippi
Jackson, Miss.s water and sewer revenue bonds were downgraded four notches by S&P Global Ratings partly due to the lack of initiatives to improve revenues.
By Shelly SigoAugust 25 -
South Florida can expect Zika-related travel advisories to hurt tourism and related tax revenues, S&P Global Ratings said. The only question is by how much.
By Shelly SigoAugust 25 - Kentucky
Southeast issuers sold $37.63 billion of municipal bonds in the first half of 2016, a decline of 10.9% from the same period last year, even as new money deals increased.
By Shelly SigoAugust 24 - Kentucky
Kentucky received an abundance of local proposals for its $100 million bond-financed work-training initiative.
By Shelly SigoAugust 23 - Georgia
Kutak Rock LLP has hired veteran bond attorney Thomas P. Lauth to join the firms public finance practice in Atlanta.
By Shelly SigoAugust 22 -
Cash-strapped Louisiana faces huge expenses as a result of the three days of torrential rains that flooded the southern part of the state, state budget chief Jay Dardenne told a legislative panel Thursday.
By Shelly SigoAugust 19 - Mississippi
Jackson, Miss.'s general obligation, water and sewer, and special obligation bonds were all cut several notches by Moody's Investors Service, which cited multiple years of structural budget imbalance.
By Shelly SigoAugust 18