Southeast

North Carolina's triple-A ratings were affirmed ahead of plans to sell up to $506 million in general obligation and limited obligation bonds.

Cities are responding to a state directive to remove symbols on crosswalks and other so-called distractions or risk losing state and federal funding.

The bonds are rated A-plus by three ratings agencies and are expected to have serial maturities from 2026 to 2055.

Among those approved is a $117 million variable rate demand bond expected to be marketed late this year.

"The project is not dead," said the transportation planning board chair.

Fitch Ratings cited the hospital's growing revenue and other factors in lifting the issuer's outlook.

The Southeast's states rely on federal funds more than those in other regions and analysts warn those funds may be ending shortly if the shutdown continues.

The financing challenges facing both Brightline projects have translated into falling bond prices.

The ratings agency cited low days cash on hand and operating losses at the system, which operates one of the leading academic medical centers in Kentucky.

The Fayetteville Public Works Commission bonds are to be priced competivitely Oct. 21.