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A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.
July 12 -
The county plans to price $344 million of limited obligation refunding warrants, with a new 1% local sales tax supporting debt service.
July 12 -
Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.
July 12 -
Hartford, Conn., on the brink of insolvency, hired Greenberg Traurig LLP as restructuring counsel.
July 6 -
Puerto Rico Electric Power Authority bonds were slashed to D Thursday by Fitch Ratings in the wake of the utility’s bankruptcy filing.
July 6 -
The five year municipal default rate since 2007 is twice the average since 1970, though it's still a fraction of the default rate on corporate bonds.
June 30 -
Orange County is out of the woods, but other California governments face challenges.
June 29 -
Puerto Rico's oversight board's decision against the power authority's restructuring support agreement moves $9 billion of debt closer to bankruptcy.
June 28 -
A deal to restructure $9 billion of Puerto Rico electric debt fell apart as a federal control board rejected the accord Tuesday, pushing the island’s main power utility closer to a potential bankruptcy.
June 28 -
South Carolina reactor owners continue to review their options after Westinghouse’s bankruptcy.
June 27