Robert Slavin

1 week ago | bondbuyer.com | Robert Slavin

The Archdiocese of New Orleans denied bondholder attorneys' accusations of "securities fraud" made after the church said it would miss a July 1 bond interest payment and plans to restructure its bond debt in its bankruptcy. Colleen Murphy, an attorney for the bond trustee Argent Institutional Trust Co., said at a June 13 bankruptcy hearing the archdiocese had repeatedly told bondholders the interest would be paid on time and the bonds would be paid in full, but now is saying otherwise.

1 week ago | today.westlaw.com | Robert Slavin

The Archdiocese of New Orleans denied bondholder attorneys' accusations of "securities fraud" made after the church said it would miss a July 1 bond interest payment and plans to restructure its bond debt in its bankruptcy.

1 week ago | today.westlaw.com | Robert Slavin

The Republican leaders of Florida's legislature settled their differences and approved a budget with much reduced tax cuts while also approving a state debt reduction proposal.

1 week ago | bondbuyer.com | Robert Slavin

The Republican leaders of Florida's legislature settled their differences and approved a budget with much reduced tax cuts while also approving a state debt reduction proposal. Both legislative chambers approved a $115.1 billion all-government activities budget Monday night, down from this year's $118.6 billion budget. Both measures will go to Republican Gov. Ron DeSantis, who will have the opportunity to apply a line-item veto to the budget.

1 week ago | bondbuyer.com | Robert Slavin

Major cuts to the U.S. Federal Emergency Management Agency could pressure some bond issuers, particularly in areas that have become increasingly prone to natural disasters, S&P Global Ratings and Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities, warned.