Northeast

Maryland to Competitvely Sell GO Bonds March 4

Triple-A rated Maryland is planning to competitively sell up to $1.268 billion of general obligation bonds on March 4, according to the state treasurer's office.

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Government Ends Doral's Misery; Failure to Cost FDIC $749M

Regulators have shut Doral Bank, ending a tumultuous decade for the Puerto Rican bank. The $5.9 billion-asset Doral was the fourth bank to fail this year and the biggest bank to be closed since the $11 billion-asset Westernbank in Puerto Rico was shuttered in April 2010. more »

Puerto Rico

PREPA to Miss Monday Restructuring Plan Deadline

The Puerto Rico Electric Power Authority announced that it will miss Monday's deadline to present a restructuring plan. more »

Puerto Rico

Judge Nixes Rhode Island Pension Suit Delay Request

A Rhode Island Superior Court judge rejected a motion by the state to delay the start of a suit challenging the landmark 2011 pension law as unconstitutional. more »

Rhode Island

Snow Fiasco Casts Glare on Shortcomings of Boston's MBTA

The snow and deep freeze that pummeled Massachusetts incapacitated the Massachusetts Bay Transportation Authority, pushing the embarrassed transit agency into a harsh national glare. more »

Massachusetts

New Jersey Pension Ruling a Credit Negative: Moody's

A Feb. 23 New Jersey State Superior Court ruling saying pension contributions are contractually protected is a credit negative for the Garden State since it adds a further obstacle to cutting future employee benefits that will further pressure budgets, according to Moody's Investors Service. more »

New Jersey

Doral Vows to Appeal Decision for Puerto Rico

Doral Financial Corp. has vowed to appeal a court decision in favor of Puerto Rico concerning $229 million in taxes. more »

Puerto Rico

Moody's Gives United Nations School Negative Outlook

Moody's Investors Service revised the Baa1-rated United Nations International School's outlook to negative. more »

New York

MTA Qualifies Military Veteran Firms for Bond Deals

The board of New York's MTA has qualified military-oriented investment firms Academy Securities and Drexel Hamilton LLC for co-manager assignments on bond transactions. more »

New York

Republicans Skeptical of Puerto Rico Chapter 9 Bill

Legislation that would allow government-owned corporations in Puerto Rico to reorganize through Chapter 9 may face an uphill battle after drawing a lukewarm reception from Republicans on a House panel Thursday. more »

Puerto Rico

Financing Expert: N.Y. City Climate Report a Wakeup Call

The latest report by the New York City Panel on Climate Change could resonate well beyond the five boroughs, says storm financing expert Alan Rubin. more »

New York

Puerto Rico Wins Appeal Against Doral

Puerto Rico's Treasury said it won an appeal in its dispute with Doral Bank over $230 million. more »

Puerto Rico

Veteran Analyst Zibit Leaves Fitch

Trudy Zibit has left her position as managing director at Fitch Ratings after 18 years at the firm. more »

New York

Grade Crossing Safety Draws MTA Scrutiny

Chairman Thomas Prendergast said New York's MTA would explore advanced technology to minimize accident risk at track grade crossings. more »

New York

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