Southeast

In the long run, Helene and Milton may further drive already rising property insurance costs, while in the short-term S&P placed three utilities on CreditWatch.

Florida will use its own cash, not from a refunding bond, to buy up to $500 million of bonds tendered.

Mr. Barnett, whose journalism career stretched nearly half a century, was a "consummate professional," who was well-liked by colleagues and muni industry professionals.

Local governments that were in Hurricane Milton's path, however, will face significant credit challenges, Moody's said.

The $80 million bond deal will build a ballpark for the Chattanooga Lookouts that city officials say will revitalize a neighorhood.

The district plans to price about $100 million of bonds Thursday, the first since Gov. Ron DeSantis took over control of it by appointing its board of supervisors.

Congress has created recovery bonds for specific disasters in the past, and the CDFA wants the tool to become a permanent private activity bond category.

Moody's also upgraded other Florida locality bonds recently as a result of a revised cities and counties rating methodology.

Florida's Aaa credit is a factor in all the upgrades, the rating agency said.

MMA says some risky-sector issuers in the area hit hard by the hurricane may be pushed into technical or payment defaults.