Taylor Riggs

Moody’s Investors Service Wednesday downgraded New Jersey’s outstanding general obligation bonds to Aa3 from Aa2 and cut all the state’s appropriation-backed debt to A1 from Aa3.

Wells Fargo Securities has hired three new public finance investment bankers as the firm seeks to expand its program nationally.

Jefferies & Co. has hired David Murphy as managing director for corporate bond sales in its investment-grade sales and trading group.