New Jersey Senate Republican Leader Tom Kean, R- Westfield, has opted to not stand in the way of the state’s $3.2 billion tobacco refunding bond deal two days after calling for the large transaction to be canceled.
The Georgia Legislature’s plan to cut the city of Stockbridge in half, without its consent, brought warnings of litigation from bondholders and potential damage to the state's triple-A rating.
Michigan State University is seeing the first credit fallout from the sexual abuse scandal involving former university and Olympic gymnastics doctor Larry Nassar.