Northeast

The National Association of State Treasurers has tapped Vermont Treasurer Beth Pearce as its next president.

Hurricane Maria’s devastation of Puerto Rico is a credit negative for Assured Guaranty and National Public Finance Guarantee Corp., Moody’s Investors Service said.

The rating agency calls on the commonwealth to match recurring revenues with expenses.

Mitchell Katz will continue the reorganization plan for the beleaguered city unit, said the mayor.

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.

The story behind a state’s rainy day fund should be weighed heavily, some municipal analysts said at a recent event.

The Dormitory Authority of the State of New York is prepping another large bond deal as part of a busy 2017 for the conduit issuer.

Top-shelf municipal bonds were stronger at midday, according to traders, who are looking ahead to next week’s $9.92 billion new issue calendar.

Municipal bond traders on Friday are looking ahead to next week’s new issue calendar, which has a hefty number of competitive and negotiate bond offerings slated for sale.

Top quality municipal bonds ended mixed on Thursday, traders said, as the market saw the University of Virginia come to market with a 100-year taxable bond offering.