Northeast

The Vermont Bond Bank debuts a new indenture when it sells $56 million of bonds this week. It's following a nationwide trend in bond bank structures. 

The Albany-based lawyer specializes in conduit financing. 

A federal judge dismissed a case against Ambac Financial, Ambac Assurance, National Public Finance Guarantee and MBIA Insurance but allowed the case against MBIA Inc. to continue.

Mamdani's first proposal showed the worst-case scenario to close New York City's budget gap. He wants the state's help.

Philadelphia-based Elizabeth Preate Havey brings deep Pennsylvania connections to Dilworth Paxson's public finance practice.

Some Northeast issuers are searching for new borrowing strategies to cope with added costs and federal funding cuts. 

Bonding should increase in the next few years to address aged state and local infrastructure, Moody's Vice President Dan Seymour said.

The price drops follow a lawsuit filed Friday by bondholders alleging the mall's owners colluded with the city of East Rutherford to lower the property assessment.

The lawsuits argue that the owner of American Dream and East Rutherford, New Jersey, which sets tax assessments for the mall, colluded to depress its valuation.

The downgrade reflects ongoing underperformance in ridership and revenues relative to Kroll's expectations.