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Showing 21 to 30 of 45 results using the term “Government”
Small Colleges Face Mounting Credit Stress as Enrollment Further Deteriorates
Reporting: Isabela Fleischmann, Hoa P. Nguyen More U.S. colleges and universities have closed in the past two years than in any comparable period in recent memory – and market participants warn that factors such as rising tuition and continuing declines in enrollment could carry this trend...
Published on May 6, 2026
Tuning Out ‘Short-Term Noise,’ Public Pensions Stay Nimble Amid Private Credit Risks
Reporting: Hoa P. Nguyen, Anush Khatri, Isabela Fleischmann When you’re the nation’s largest public pension fund, any move you make is inevitably scrutinized by the market, especially when it seems to be “going against the current thinking,” said Marcie Frost, CEO of the...
Published on Apr 30, 2026
Florida Lawmakers Still Negotiating FY’27 Budget as Governor Delays Redistricting Special Session Until April 28; House, Senate Differences Include Brightline Rail Corridor Funding
Reporting: John Marino Relevant Documents: Special Session Proclamation Brightline Florida Commuter Rail Service Development Update (March) Florida lawmakers are still negotiating key issues related to the state’s proposed fiscal year 2027 budget, including transportation and economic...
Published on Apr 21, 2026
Class-Action Lawsuit Accuses Rutgers Leadership of Breaching Fiduciary Duty to Taxpayers Through ‘Wasteful and Unlawful’ Diversion of Public Funds to Athletics Program
Reporting: Anush Khatri Relevant Documents: Complaint Rutgers 2026 Fiscal Year Budget A New Jersey resident filed a class-action lawsuit on behalf of the state’s taxpayers against Rutgers University seeking court intervention “to halt the ongoing wasteful and unlawful diversion of public...
Published on Apr 2, 2026
Goldman Sachs Prices LADWP’s $400M Revenue Bond Sale as Market Weighs Potential Lawsuits Impact
Reporting: Isabela Fleischmann Goldman Sachs priced the Department of Water and Power of the City of Los Angeles, or LADWP, $400 million Series 2026A power system revenue bond issuance, according to a final pricing deal sheet seen by Octus. Final pricing shows maturities from 2032 to 2056 and...
Published on Apr 2, 2026
Chester Agrees to Withdraw Chapter 9 Plan in Response to CWA Call for Carve-Out, Opposes Other CWA Requests Including Lift-Stay Motion
Reporting: Kevin Mead Relevant Documents: Chester Objection and Response Chester Objection to Lift-Stay Motion In two March 16 filings in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania, the city of Chester, Pa., agreed to withdraw its proposed chapter 9 plan of adjustment but...
Published on Mar 17, 2026
Venezuela Debt Documents Contain Legacy Features That Could Complicate Future Restructuring
Reporting: Maria Abreu; Simon Schatzberg Credit Research: Ed Cerullo In the wake of Venezuelan President Nicolás Maduro’s capture by U.S. forces on Jan. 3, investors are reexamining Venezuela’s bond indentures and offering memorandums to assess the implications for a potential future debt...
Published on Jan 16, 2026
Path to Payment, Ramifications of Nonpayment Uncertain as Jan. 15 AAFOH Coupon Date Looms for Brightline Florida
Legal Analyst: Lucas Hammonds Reporting: Hoa P. Nguyen Brightline Florida entity AAF Operations Holdings LLC, or AAFOH, faces a Thursday, Jan. 15, interest payment date on its $1.211 billion of Series 2024 and Series 2024A bonds. The looming payment date has particular relevance in light of...
Published on Jan 13, 2026
Venezuela Creditor Committee Signals Readiness to Negotiate ‘Comprehensive and Fair’ Debt Restructuring; Says Workout Will Accelerate International Financing
The Venezuela Creditor Committee, or VCC, today issued a statement saying it stands ready to initiate a negotiated debt restructuring process to resolve Caracas’ multi-billion dollar debt obligations. Law firm Orrick advises the VCC. The international investor group consists of GMO, Greylock...
Published on Jan 9, 2026
Venezuela Bondholder Sees Sovereign Debt Restructuring Involving Value Recovery Instrument Linked to State-Owned Enterprise Dividends, Super Senior Sovereign Bonds
Reporting: Magnus Scherman Venezuela bondholders could be offered to exchange some of their long-defaulted paper for an equity-like value recovery instrument, or VRI, tied to the financial performance of certain state-owned energy companies, Celestino Amore, Co-founder of Venezuela-focused Canaima...
Published on Jan 9, 2026