Infrastructure

Standard & Poor's raised its various ratings on New York's MTA, including an elevation of its transportation revenue bonds to AA-minus from A-plus.

While states' credit ratings haven't been affected much by climate-related issues, primarily because the federal government has provided aid for those hit by disasters, that assistance may not always be available, a Standard and Poor's official said Tuesday.

Moody's Investors Service has lowered its ratings on $8.5 billion of state and transit agency stand-alone grant anticipation revenue vehicle bonds supported by dwindling revenues from the Highway Trust Fund.

A positive outlook from Fitch Ratings on E-470 Public Highway Authority signals a possible upgrade on the tollway's BBB-minus credit.

The Securities and Exchange Commission's investigation of the Port Authority of New York and New Jersey must determine if investors needed to know about $1.8 billion of controversial spending, securities law experts said. Others said any SEC enforcement action would not be a fix for the authority's problems.

Foreign equity investment interest in U.S. public-private partnerships at all-time level, a House P3 panel was told.

Texas is preparing to pour $1.85 billion into the bond market with issues from three state agencies in June.

President Obama's four-year, $302 billion transportation funding bill, introduced in the House by a bipartisan pair of representatives, is not expected to gain traction in the Republican-controlled chamber.

A swift-moving "glitch" bill is moving quickly in the North Carolina General Assembly to clarify the governance of the Charlotte Douglas International Airport.

More than 50% of Americans would support an increase in the federal gasoline tax if the revenues are dedicated to highways and mass transit, AAA survey says.