Infrastructure

Chicago’s motor fuel tax bonds became the latest victim of Illinois’ budget stalemate Wednesday when S&P dropped the debt six notches, to BBB-plus.

House consideration of Senate’s six-year transportation bill could avoid a nationwide rail shutdown, said Sen. Barbara Boxer, D-Calif.

Tennessee Gov. Bill Haslam wants local officials to join his call for more state funding for transportation infrastructure.

Investors looked past an S&P downgrade and a critical control board report as the Massachusetts Bay Transportation Authority sold $357 million of sales tax bonds.

Strong growth in traffic prompts a Moody’s Investors Service upgrade on Harris County Toll Road Authority’s senior revenue bonds.

Most Arkansas polled in a recent survey do not favor a gasoline tax increase to cover a road revenue shortfall.

Fitch Ratings upgraded to A from A-minus the ratings on a Florida Department of Transportation TIFIA loan that financed a rental car facility in Miami.

Connecticut’s $840 million special tax obligation transportation bond sale included a record $442 million of retail orders, said state Treasurer Denise Nappier.

Congressional negotiators fail to find agreement on use of international tax reform to support multiyear transportation funding.

Chicago is promoting O’Hare International Airport’s recent growth spurt, improved credit, and conservative debt portfolio as it preps a $2 billion issue that will mark the city’s largest deal ever.