New York

Hudson Yards Infrastructure Corp., the developer of a 45 block area on Manhattan's west side, won a two-notch upgrade from S&P Global Ratings.

Tim Sullivan will become research director at the Citizens Budget Commission in New York.

Frustration over subway logjams and breakdowns surfaced at a New York City Council budget meeting.

S&P Global Ratings has revised the outlook on Nassau County, N.Y.'s general obligation (GO) debt to stable from negative.

The Hudson Yards Infrastructure Corp. will offer $2.19 billion of second indenture revenue bonds for sale the week of May 22.

The New York City Municipal Water Finance Authority named Olga Chernat as its executive director. A chartered financial analyst who previously served NYW as treasurer and deputy treasurer, Chernat will start in her new position on Wednesday, the authority said.

Authority says moves are part of a plan to improve service.

New York City will end fiscal 2017 with a $4 billion surplus, the Independent Budget Office projected.

New York City Comptroller Scott M. Stringer called for the creation of a public-private NYC Citizenship Fund to help legal immigrants cover the cost of the federal application to become U.S. citizens.

The Municipal Forum of New York presented special awards to five public finance leaders and a student at its annual fund-raising dinner on Wednesday night in Manhattan. Money raised at the dinner is used to support the Urban Leadership Fellows internship program.