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The risk of floods and tornadoes is preventing investors in $1.8 billion of bonds of Nebraska’s biggest electricity provider from participating in the best year since 2008 for munis of power companies. To read more, click here.
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The San Francisco Bay Area will host the National Football League’s 50th Super Bowl in 2016 at the 49ers’ stadium that is set to open next year, while Houston was picked as the site of the 2017 championship game. “Read more>>”
Alabama’s Jefferson County is making progress in debt talks, has an agreement with one group of creditors, and may file a“mostly consensual’’ plan to exit bankruptcy, a lawyer for the county told a judge. “Read more>>”
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Monona, Wisconsin, may be the first issuer in the $3.7 trillion municipal market to redeem its Build America Bonds at par value after sequestration last month curbed federal subsidies on the debt. “Read more>>”
Kansas, which dedicated casino proceeds to pension relief last year, is considering another gamble as lawmakers debate borrowing $1.5 billion to bolster the nation’s 11th-weakest state retirement plan. Click here to continue reading.
Stockton, California’s annual budget deficits may total almost $100 million after 10 years even if it got all of the cuts it sought before filing for bankruptcy, a city forecast showed. “Read more>>’
Puerto Rico, on the brink of being cut to speculative grade, is rallying the most in a year as investors bet that the 11-weekold administration of Governor Alejandro Garcia Padilla will mend the commonwealth’s finances. Click here to continue reading.