Ratings

“Strategic investments” account for the 20% increase in spending since New York Mayor Bill de Blasio took office, his budget director said Thursday.

Federal disaster relief mitigates the credit impact of fires and other catastrophes, rating agencies say.

S&P Global Ratings dropped New York's Metropolitan Transportation Authority to A from A-plus, its second downgrade of the agency in five months.

The Moody's upgrade comes as the city is exploring a privatization of the Lambert airport.

The county will sell $150 million of sales tax-backed paper, already rated AAA by S&P.

The authority received upgrades from Moody’s on its two variable rate debt issues backed by bank letters of credit.

The judge said plaintiffs didn't allege Snyder knew about the dangers of the water in Flint River when he authorized the switch to using it.

Moody's shifted the outlook on RTA and CTA's $5 billion of debt as Chicago and Illinois outlooks stabilize

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.

The Ohio-based operator is acquiring the operations of HCR ManorCare.

The upgrade comes ahead of a $619 million bond sale.

The Central Basin Municipal Water District was downgraded three notches to Baa1 by Moody's, which assigns a negative outlook.

Moody's changed the outlook on its Aa3 rating to positive from stable.

Illinois' 10-year GO paper is trading 10 to 15 basis point tighter than before its rating outlook went to stable from negative.

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

Illinois' Baa3 rating remains one notch above junk, but the outlook is now stable, up from negative.

Moody's upgraded the bonds issued to build the Mets' Citi Field while boosting its outlook for Yankee Stadium bonds.

Luke Bronin, in an interview at the Brookings Municipal Finance Conference, said Connecticut's capital city is "in a stronger position than we’ve been in a long time."