Southeast

Moody's downgraded Glenville State College, W.Va.'s rating to Ba2 from Baa3 citing its exposure to $25 million in bank debt and other fiscal stresses.

Covington, Ky.'s former finance director was sentenced to 10 years in prison for embezzling more than $793,000 in city funds, a judge decided June 6.

Georgia prices $978 million of general obligation bonds Tuesday in competitive bidding that should attract bidders due to its multi-faceted structure, a trader said.

Virginia's general fund revenue collections dropped by 20.7% in May, the largest one-month decline in 13 years, according to state officials.

A swift-moving "glitch" bill is moving quickly in the North Carolina General Assembly to clarify the governance of the Charlotte Douglas International Airport.

The Orlando-Orange County Expressway Authority board approved a $230 million interchange project in what was likely its final act before the agency is transferred to a new organization.

Louisiana Gov. Bobby Jindal has signed a bill requiring bond issuers to abide by continuing disclosure agreements, and requiring auditors to check for compliance.

Five residents living near the Atlanta Falcons new stadium filed notice saying they will appeal a judge's validation of $278.3 million in bonds to support the $1.2 billion project.

Moody's said a financial advisory firm's recommendation against the federal government divesting the Tennessee Valley Authority is a credit positive.

Rules proposed by the Environmental Protection Agency could have a material impact on the public sector, Bank of America Merrill Lynch analysts said.