The criteria should result in a nearly equal number of upgrades and downgrades in the next half year, according to the rating agency.

S&P Global Ratings revised its outlook on the university's debt to negative a month after Moody's Ratings took similar action as the school faces financial difficulties and management changes.

Representatives from the Securities and Exchange Commission gathered Tuesday to discuss some of their examination priorities and some of the trends they're seeing outside of exams.

Christopher Perillo agreed to settle charges that he improperly had access to study materials during an examination.

John Hallacy of John Hallacy Consulting and Rich Ciccarone, president emeritus of Merritt Research Services, talk with Chip Barnett about the municipal bond business over the past 40 years. They take a look back at where the industry has been, where it is and where it will be going.

Rating agency cited built up reserves as a key to the city's "better financial footing."

Under the proposed deal, the city would sell $650 million of judgment bonds to fund back pay for firefighters, whose wages would increase by up to 34% over the life of a new five-year contract.

Moody's Ratings hiked Detroit's issuer and general obligation unlimited tax bond ratings to Baa2 from Ba1, a milestone for the formerly bankrupt city.

The new rules are expected to boost bond issuance.

California State Controller Malia Cohen says her office will get the release of the state's ACFR back on track within two years.