Northeast

Connecticut's baby bond trust received its initial funding without the need to borrow with the help of a debt reserve insurance policy.

"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."

Costs associated with the influx of migrants could cost the city more than $12 billion over fiscal 2023, 2024 and 2025.

The New Jersey Board of Public Utilities will begin to mull new projects submitted during a third round of proposals for offshore energy development.

Moody's Investors Service upgraded the Connecticut capital city's issuer rating to Baa3 from Ba2.

Though the city has vast financial strengths, it is struggling with the costs of housing migrants and declining commercial property values.

Oliver, 71, had been serving as acting governor while Governor Phil Murphy was in Italy on vacation with his family.

Tax-exempt bonds issued for the American Dream mega mall backed by New Jersey economic development grants are poised to miss a third straight interest payment.

July's total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, the smallest percentage drop in monthly issuance year-over-year in 2023, according to Refinitiv data.

The three-day National Association of Securities Professionals event featured industry experts and focused on accelerating inclusive development.