Tonya Chin

Moody’s Investors Service upgraded the general obligation rating of Buffalo, N.Y., to A1 from A2, the highest rating in the city’s history.

The Pennsylvania Turnpike Commission is selling $224 million of bonds to finance its payments to the Pennsylvania Department of Transportation, which finances a variety of highway, bridge and transit capital projects.

The Port Authority of New York and New Jersey is expected to pay $60.3 million to BNP Paribas Capital Services Inc. on Monday after settling on a credit swap the bank previously announced it would terminate.

The NYC TFA is scheduled to sell $900 million of fixed-rate future tax-secured bonds in two sub-series on Wednesday.

Major creditors of Harrisburg, including Assured Guaranty Municipal Corp., have asked Dauphin County judge Todd Hoover to appoint Robin Davidov of Maryland as the receiver to take over Harrisburg’s incinerator.

Standard & Poor’s upgraded its long-term rating and underlying rating on Philadelphia’s general obligation debt to BBB-plus from BBB, with a positive outlook.

William Mulrow on Wednesday began his tenure as chairman of the New York State Housing Finance Agency and the State of New York Mortgage Agency, two of the agencies included within New York State Homes and Community Renewal.

Moody’s Investors Service has affirmed the Aa1, Aa1/VMIG1 and P-1 ratings on Cornell University’s outstanding bonds and commercial paper, and revised the outlook to stable from negative.

Derek Hansel will become the new executive director of the New Jersey Educational Facilities Authority on Tuesday.

New York Comptroller Thomas DiNapoli on Monday announced the state's tentative bond calendar for the second quarter that totals $3.8 billion in new issuance, including the New York City Transitional Finance Authority's $900 million bond sale next week.

The Port Authority of New York and New Jersey is scheduled to auction $400 million of its consolidated bonds on Wednesday.

The New Jersey Economic Development Authority is scheduled to sell $1 billion of cigarette-tax revenue refunding bonds on Tuesday, with retail pricing Monday.

The Port Authority of New York and New Jersey voted Thursday to cut compensation and benefits for non-union employees, saving an estimated $41 million over the next 18 months.

The Port Authority of New York and New Jersey submitted a request to federal officials that its Bayonne Bridge "Raise the Roadway" project be considered for expedited review under President Obama's executive order on permitting and federal review.

The GDB for Puerto Rico, fiscal agent and financial advisor to the Commonwealth of Puerto Rico, ranked number seven among top issuers of municipal debt in 2011, taking advantage of market conditions to sell $3.6 billion of notes.

The Long Beach City Council approved plans to issue $6 million of revenue anticipation notes in mid-April to fund operations through June and make its payroll.

Moody’s Investors Service on Wednesday downgraded Puerto Rico Electric Power Authority’s $7.6 billion outstanding power revenue bonds to Baa1 from A3, citing weakened liquidity and a reduced electricity demand.

Suffolk County, N.Y., home of the Hamptons and a $530 million three-year budget deficit, issued $37 million of tobacco bonds Wednesday — one day ahead of schedule in order to take advantage of favorable market conditions.

New York's recently enacted pension reform, projected to save more than $80 billion over the next 30 years, is a favorable development for the state and its municipalities, Moody's Investors Service said in a report on Thursday.

Moody’s Investors Service has revised its rating outlook on the University of Puerto Rico to negative and confirmed the Baa2 rating on its pledged revenue bonds and Baa3 rating on its Series 2000A bonds.