Pennsylvania

Philadelphia plans a $235 million sale of revenue refunding bonds for Philadelphia International Airport on Thursday.

The Commonwealth Court of Pennsylvania on Friday confirmed attorney David Unkovic as receiver for Harrisburg.

People for the Ethical Treatment of Animals has proposed a deal to place an advertisement on the incinerator that has been the focal point of Harrisburg's financial crisis.

David Unkovic, whose appointment by Pennsylvania Gov. Tom Corbett as the receiver for Harrisburg has come under fire because of his ties to major creditors in the city's financial crisis, appeared before a Commonwealth Court judge on Thursday as part of his confirmation process.

HARRISBURG, Pa. - A federal judge on Wednesday dismissed the Harrisburg City Council's petition seeking protection from creditors under Chapter 9 of the federal bankruptcy code.

Moody’s Investors Service has downgraded Lancaster County, Pa.’s underlying general obligation rating to A1 from Aa2, affecting $268 million of parity debt.

WASHINGTON - The Pennsylvania Higher Education Assistance Agency has paid $12.3 million to settle tax-law violations and protect the tax-exempt status of its student loan bonds.

Harrisburg Mayor Linda Thompson urged the Commonwealth Court of Pennsylvania to require the capital city's new state-appointed receiver to implement her proposed financial recovery plan.

The status of a bankruptcy filing of compelling interest to the municipal finance and legal industries will be in the hands of a federal judge in Harrisburg, Pa., this week.

Harrisburg City Council Vice President Patty Kim said the capital is but one of many struggling cities in the state.

Moody’s Investors Service has downgraded Allentown’s underlying general obligation rating to A2 from A1, affecting $100 million of parity-related debt. The outlook remains negative.

While Pennsylvania officials prepared to implement a takeover of Harrisburg after a deadline passed for the city to submit a recovery plan, another domino fell in the capital city.

The attorney representing the Harrisburg City Council in its bankruptcy filing is asking the Internal Revenue Service and the Securities and Exchange Commission to investigate the financing of the incinerator renovation project that left Pennsylvania's capital city with $310 million of bond debt and on the cusp of a state takeover.

The city that envelops it is a financial mess, but Harrisburg Area Community College had Standard & Poor's affirm its bond rating at A, with a stable outlook. "The Harrisburg name is not a taint on the credit quality of all related issuers," Janney Capital Markets said in a report.

The bond insurer for Harrisburg, Pa.'s troubled incinerator renovation project has rejected a request from the city to forgive $100 million of debt.

The attorney representing the Harrisburg, Pa., City Council in its bankruptcy filing said his endgame is to pay bondholders in full.

Pennsylvania Sen. Jeffrey Piccola, who in the past year has sponsored legislation to put Harrisburg under state control and restrict its bankruptcy options, may no longer have parts of the capital city in his district.

An arbitration award that ends minimum staffing levels for firefighters could save Bethlehem, Pa., about $1 million annually, according to the city's mayor.

Financially strapped Harrisburg wants all sides, including bondholders, to make concessions, the mayor of Pennsylvania's capital city said Wednesday.

A bankruptcy judge in Harrisburg said Tuesday that special court approval for payments to vendors is unnecessary in Pennsylvania's capital city.