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Virginia said it faced no immediate financing problem from the postponed bond issue.
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At least three companies have announced plans to postpone bond sales in the wake of the Chaori default.
Governor Alejandro Garcia Padilla of Puerto Rico dropped a bombshell on debt holders a week ago by saying he wanted to restructure debt and postpone bond payments.
The Legislature has twice postponed water bond votes to pay for such infrastructure fixes, fearing the bonds would fail.
So the judge postponed the bond hearing until Monday, and beseeched Mr. Porges to secure additional affidavits.
And U.S. Foodservice, the American division of the big Dutch food outfit Royal Ahold, postponed a bond offering.
Its rating of British Telecom (BT) may fall from AA+ to A-. BT postponed a bond issue worth $10 billion that had been planned for early September.
Maryland postponed a bond sale after it was warned that its credit rating would probably be lowered in the event of a federal downgrade.
In separate moves that could portend longer-term instability, Standard & Poor's downgraded Dubai-based banks with heavy exposure to Dubai World, and the Saudi-backed Gulf International Bank postponed a bond auction that was scheduled to be priced this week.
Bond prices declined, interest rates rose, several corporate bond sales were postponed, and tax‐exempt bond dealers predicted that several major issues likely would not attract bids this week.
And earlier this month Volkswagen was forced to postpone a bond issue of nearly €700m, backed by Spanish car loans.
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