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Daniel Keating, a 35-year veteran of the municipal bond market and former Bear Stearns & Co. executive, joins insurer Build America Mutual as senior managing director for municipal bond markets starting Monday.

A $1.6 billion Liberty Development Corporation nonrated financing for the 3 World Trade Center Tower project will thunder into the primary market this week, giving investors a rare opportunity to grab triple-exempt, high-yield bonds from a large specialty state, municipal sources said.

Government

The Securities and Exchange Commission granted approval Friday of a rule establishing supervisory requirements for municipal advisors, the first new Municipal Securities Rulemaking Board MA rule to get the nod since the SEC's registration regime was adopted last year.

Analysts are divided over whether the municipal market sell-off this week has made triple-B paper more attractive to buy.

Standard & Poor's on Friday announced that it would take no rating action on Texas Health Resources as two nurses who contracted Ebola from a patient at its Presbyterian Dallas hospital were declared cured.

Chicago's chief financial officer Lois Scott and veteran New York-based banker and Municipal Securities Rulemaking Board chair Kym Arnone will receive the Freda Johnson Award for Trailblazing Women in Public Finance.

Dealers want the Municipal Securities Rulemaking Board to reduce the cost of compliance and to move quickly to finish the municipal advisor rules, while issuers are unsure they want the MSRB's protection.

Standard & Poor's Ratings Services said it revised its outlook on Tewksbury, Mass., to positive from stable.

Florida's East Central Regional Wastewater Facilities Operation in Palm Beach County expects to sell the Southeast region's first green bonds.

Local government groups tell Congress they want a bigger share of road funding in the next multi-year federal highway bill.

At least two issuers recently redeemed or said they are planning to redeem bonds issued to finance detention facilities because of private use. One redemption was required under a settlement between the issuer and the Internal Revenue Service and the other was triggered by provisions in the offering document.

Standard & Poor's Ratings Services said it revised its outlook to negative from stable and affirmed its A-plus issuer credit rating (ICR) on MaineHealth.

Moody's Investors Service said it has upgraded to Aa3 from A1 the underlying rating on Delaware City School District, Ohio.

The commonwealth of Puerto Rico's general obligation rally this week most likely stemmed from the flood of high yield paper in the primary market this week, traders agreed.

When former California State Senate President pro Tempore Darrell Steinberg's Senate term is up this year, he will join Greenberg Traurig's government practice.

Standard & Poor's Ratings Services said it raised its rating on Newberry Township, Pa.'s outstanding general obligation (GO) bonds to AA-minus from A-plus.

Municipal Securities Rulemaking Board chair Kym Arnone wants the board to finish the municipal advisor rules and take more steps to improve transparency before the end what she says is the hardest job she has ever loved in a nearly 30-year muni career.