- Louisiana
As Louisiana prepares to price $359.3 million of general obligation bonds next week for budget relief, headline risk associated with Illinois and Puerto Rico may factor into borrowing costs.
April 13 -
UMB Bank N.A., the bond trustee for Texas Pellets, accelerated the outstanding debt on $186.5 million of bonds due to a default at the company owned by German Pellets, which filed for insolvency in February.
April 11 -
A federal judge approved a $20 billion settlement with BP to resolve litigation brought by five Gulf coast states over the BP Deepwater Horizon oil spill.
April 5 - Louisiana
Fitch Ratings downgraded Louisianas general obligation bonds by one notch to AA-minus on Tuesday as the troubled state prepares to refund debt as part of a deficit-reduction plan.
April 5 - Louisiana
The Louisiana State Bond Commission approved a $600 million general obligation refunding Thursday that will delay $81.6 million in bond payments this fiscal year and $30 million in fiscal 2017.
March 17 -
In a financial mess that spans the Atlantic, Louisiana affiliates of a German wood pellet processing firm filed for Chapter 11 bankruptcy, potentially leaving bond investors on the hook for a project poised to receive millions in state incentives.
March 16 - Louisiana
Louisiana selected underwriters Tuesday for a general obligation refunding of up to $600 million to patch a portion of the states massive deficit.
March 15 - Louisiana
Louisiana-based Adam and Reese LLP has promoted partner Tracy Averett Morganti to head the firm's public finance team.
March 14 - Louisiana
After a special three-week session ended, Louisiana legislators remained $30 million shy of closing the current-year deficit and $800 million short for fiscal 2017.
March 10 - Kentucky
Local and state government leaders are tapping sales taxes for new revenue to help close budget gaps, pay for infrastructure, fund pension liabilities, and finance basics such as teachers raises.
March 9