Maryland

Boston, Philadelphia and Baltimore typify how the 'eds and meds' presence of universities and hospitals can boost older cities' credit profiles, said Moody's.

Northeast bond issuance was stronger in the first half of 2014 than it was in the United States.

Maryland asks four consortiums for proposals to build and finance $2.4 billion Purple Line commuter rail project.

Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.

Triple-A rated Maryland later this month will sell about $900 million of general obligation bonds, including up to $100 million of them during its first retail order period since August 2012. The retail period will be held on July 18 and 21.

More asset sales to offset pension liability will occur nationally, Allentown, Pa., Mayor Ed Pwlowski said at The Bond Buyer's municipal distress conference in Baltimore.

Staring at an estimated $745 million shortfall over 10 years, Baltimore charted a 10-year financial plan that created a buzz in the capital markets.

Ending the tax exemption for municipal bonds would seriously impair the ability of municipal issuers to fix infrastructure, according to Maryland's treasurer.

Maryland can proceed with the selection of a private partner to design, build, and operate the $2.4 billion Purple Line commuter rail project via a public-private partnership after federal approval last week of the environmental impact statement.

Maryland plans to sell up to $750 million of triple-A rated tax-exempt and taxable general obligation bonds in competitive bids on March 5, state officials said.

Northeast issuers sold $93.1 billion of municipal bonds in 2013, down 17.4% from 2012.

Maryland has selected four international construction consortiums to submit proposals to build, maintain and operate the proposed $2.2 billion Purple Line light-rail system that would connect Montgomery and Prince Georges Counties.

Maryland Transportation Authority will generate less than $10 million a year in toll revenue from express lanes on a $1.1 billion highway improvement project.

Six potential private-sector partners responded to Maryland's proposal to fund, build and operate a $2.2 billion light rail commuter line under the state's newly adopted public-private partnership law.

Maryland Treasurer Nancy Kopp has been appointed to the board of trustees of the Financial Accounting Foundation, FAF announced Tuesday.

The Maryland Transit Administration plans to seek bids soon for a private partner willing to provide up to $900 million of funding for a $2.2 billion light-rail line in the northern suburbs of Washington following Gov. Martin O'Malley's and the state Board of Public Works' unanimous approval of the P3 competitive solicitation process.

Traffic and toll revenues are ramping up on Maryland Transportation Authority’s $2.4 billion, 19-mile Intercounty Connector built to relieve congestion in the Washington area.

A short-term federal government shutdown will have minimal impact on issuers, though some areas with a significant federal presence like Washington D.C. may see some lost economic activity, ratings agencies said.

Maryland Governor Martin O'Malley has named a bipartisan group of 11 people to a new local and regional transportation funding task force.

Issuers in the Northeast sold almost $44.3 billion of municipal bonds in the first half of 2013, according to Thomson Reuters data, down more than 25% from the same period a year earlier.