Infrastructure

Moody’s Investors Service downgraded $80 million of Alaska Industrial Development and Export Authority rental car facility revenue bonds to Baa1 from A3 with a negative outlook, amid falling rentals at Ted Stevens Anchorage International Airport.

Moody’s Investors Service late Tuesday upgraded to A1 from A2 the Southeastern Pennsylvania Transportation Authority, affecting $327 million of debt. The outlook is stable.

DALLAS — Oklahoma is preparing a list of highway projects that could get under way quickly if Congress approves President Obama’s proposed $50 billion infrastructure stimulus program.

CHICAGO — The Chicago City Council Wednesday approved up to $1 billion of new-money and refunding debt that will help the city keep its $8 billion O’Hare International Airport expansion project on track as negotiations with the airlines over upcoming projects continue.

The West Virginia Parkways Authority cleared a technical hurdle last week toward advancing a bond deal for the U.S. 35 toll road and the issue could be priced by the end of the year.

The Georgia Department of Transportation is revising the process by which it will seek a developer for a new multi-modal passenger terminal in downtown Atlanta.

CHICAGO — The Chicago City Council’s Finance Committee Tuesday advanced the sale of up to $1 billion of new-money and refunding O’Hare International Airport revenue bonds and debt backed by passenger facility charges to raise funds for the second phase of an $8 billion expansion that has yet to win airline approval.

WASHINGTON — The president is expected Wednesday in Cleveland to announce details of a $50 billion measure that would lead into a long-term program containing a national infrastructure bank — a proposal already offered by the administration but now being rolled out as part of an economic package.

DALLAS — The New Orleans Regional Transit Authority will build two new streetcar lines with proceeds from the upcoming negotiated sale of $75 million of sales tax revenue bonds.

MENLO PARK, Calif. — Alaska’s state airport authority will sell $174 million of tax-exempt paper next week to pay for debt refunding and runway repairs, according to a state official.