Northeast

The deal clears one legal obstacle to the upcoming issuance of PABs, although two other challengers plan to pursue a federal lawsuit.

Brock, the deputy director of the state's retirement system, will succeed Patrick Marr, who is moving to the private sector.

Both S&P Global Ratings and Fitch Ratings dropped the New York suburban county to AA-plus from AAA.

Fitch placed the A-plus rating on credit watch negative a week after CMEEC announced its own probe into embezzlement allegations.

Mary Jane Darby, Rob Kanzer and James Still have over 50 years of combined experience in the industry and most recently all worked at Prager & Co. They will be working at the firm’s New York office starting later this month.

If the Nassau Interim Finance Authority signs off, the county will sell $100 million of debt in December to fund the settlements.

The firm, recapitalized in April, is building out its municipal market presence.

After last week's revelations about alleged wrongdoing by CMEEC officers, the issuer has appointed a special committee to oversee its own investigation.

Tom Wolf's full plate includes a projected $1.7 billion deficit, with the state having already used one-time revenue measures such as tobacco and gambling.

Moody's Investors Service now assigns a positive outlook to its A1 rating for the private Pennsylvania university.