Fitch revised its outlook on the AAA-rated southern California to negative. The city is grappling with child sexual abuse claims from hundreds of people against one former employee.
If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.
The CTA's funds have been "put on hold to ensure funding is not flowing via race-based contracting," Office of Management and Budget Director Russell Vought said.
Interactive Brokers said it "promptly addressed the issue that gave rise to the settlement."
Public finance attorney James Woodward will lead the firm's new Athens office.
The county will tap reserves and eliminate vacant positions to meet budget challenges driven by billions of dollars of child sexual abuse settlements.
