New York

Following a downgrade from Fitch Ratings, Standard & Poor’s has followed suit, dropping Suffolk County, N.Y.’s general obligation bonds two notches to A-plus from AA.

At its meeting on Wednesday the board of the Dormitory Authority of the State of New York approved approximately $3.9 billion in financings for higher education and health care institutions.

Suffolk County, N.Y.'s general obligation bonds were downgraded to A-plus from AA-minus by Fitch Ratings two weeks before its $60 million competitive offering.

The New York State Insurance Department had many good reasons to approve the split of MBIA Inc. into two parts in 2009, the state's attorney said Tuesday.

The estimated cost of the East Side Access for New York’s Metropolitan Transportation Authority has risen by another $1 billion and the completion date pushed back three years — at least.

The Dormitory Authority of the State of New York is expected to sell $217 million of school district revenue bond financing program revenue bonds in five series on Tuesday, after pricing for retail on Monday.

Officials from distressed municipalities discussed their financial situations at The Bond Buyer's Tri-State Area Public Finance Conference on Monday.

New York's Metropolitan Transportation Authority will issue requests by the end of the month for two new spaces in its landmark Grand Central Terminal, targeting both for sit-down restaurants.

In a meeting of directors on Thursday, the Nassau Interim Financial Authority rejected Nassau County, N.Y.'s contract with Morgan Stanley to serve as an advisor on a deal to privatize the county's sewer authority.

Moody’s Investors Service downgraded the Utica, N.Y.’s general obligation rating to Baa1 from A3, affecting $64.99 million of outstanding debt.

Moody’s Investors Service said last week that the risk profile of New York local governments’ debt — other than school districts — subject to the new property tax cap remains unchanged.

New York City will begin its $800 million sale of tax-exempt general obligation refunding bonds with a two-day retail period that starts Monday.

In an effort to fund a $10.25 million budget deficit, the Long Beach, N.Y., City Council on Tuesday approved a resolution to submit a request to the New York Legislature to authorize the city to issue bonds.

Two New York Senate committee chairmen have raised the possibility of investigating bond insurer MBIA Inc.'s behavior when it applied for a transformation of the company during 2008 and 2009.

The New York State Environmental Facilities Corp. is expected to sell $497.5 million of triple-A rated state clean water and drinking water revolving fund revenue bonds on Tuesday after being priced for retail on Monday.

The Suffolk County, N.Y., Legislature on Tuesday voted to have employees pay for part of the cost of their health insurance for the first time in the Long Island county’s history.

The New York City Regional Economic Development Council announced a series of consolidated funding application workshops throughout the city’s five boroughs.

New York City Comptroller John Liu last week proposed a plan to accelerate $2 billion of capital spending over the next two fiscal years for school construction and other capital projects that have already been approved.

Nassau County, N.Y., has selected New Jersey-based United Water to operate and improve the county's three troubled wastewater treatment plants.

Fitch Ratings has downgraded the upstate city of Utica’s rating to BBB from A-minus on $41.4 million of unlimited-tax general obligation bonds. The outlook is stable.