Southeast

Moody's cited very narrow liquidity, very high leverage and concerns about delays in opening up a new campus.

At least $200 million of the bonds will be priced on a competitive basis.

Louisiana State Treasurer John Fleming indicated he is open to compromise on the nature of state oversight for the city, which may have trouble making payroll.

Attorneys for the Archdiocese said it is "inevitable" bondholders will be hit with a cramdown.

Meanwhile, the Brightline West train project has floated a possible debt exchange ahead of its own mandatory redemption later this month.

The rating agency expects the school to post an operating deficit this year.

"Illinois is just pure mismanagement," Ryan Frost, managing director of the Reason Foundation's Pension Integrity Project, said.

The city said it will take a wide range of measures to try to get through November and December without running out of money.

The bankruptcy judge suggested Jackson Hospital and Clinic may be closed if it doesn't propose a plan of adjustment before the end of the calendar year.

The Virginia Governor's race could put Democrats in charge of all three branches in the Old Dominion, as Abigail Spanberger goes up against Winsome Earle-Sears who has floated tapping the state's rainy-day fund to prop up Medicaid.