Southeast

The ratings agency cited strong and growing activity and favorable economic trends in the region.

Moody's cited heavy reliance on reserves, potential for continued operating deficts, and a fall 2024 decline in enrollment as factors in the downgrade.

The challenge to the 2022 approval of bonds for a PACE program could "catastrophically undermine" the finality of all Florida bond validations, the agency said.

Despite the approval, hurdles remain, including the team's request for more money from the government, which they say delayed approval of the bonds, leading to additional construction costs.

Something less than $400 million of the bonds will be taxable bonds.

The president of St. Augustine University in North Carolina called the loan a "necessary evil" as it fights to remain solvent and accredited.

Brad Briner said the state may need to issue short-term debt in the near future to pay for Hurricane Helene expenses.

Principal Street Partners will acquire the bankrupt firm that specialized in high-yield bonds issued for senior living facilities and charter schools.

Pinellas County still needs to approve more than $300 million in bonds of its own for the stadium and redevelopment.