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S&P said the outlook revision reflects "our view that Pennsylvania has continued to make progress toward structural budgetary balance." Earlier this month, Moody's revised its outlook on the state to positive.
September 22 -
The nonprofit regional healthcare system reported six straight years of operational losses in its most recent financial report.
September 21 -
"Pennsylvania's positive outlook is based on the significant increase in budget reserves over the past three fiscal years to levels consistent with higher-rated peers," Moody's said.
September 8 -
Pittsburgh's long-running shift from the industrial Steel City to a technology hub is heading in a new direction — toward outer space and the moon.
August 25 -
The three-day National Association of Securities Professionals event featured industry experts and focused on accelerating inclusive development.
July 28 -
Proponents say it's the right time after states reaped the revenue rewards of a strong post-COVID economic rebound. Opponents, however, point to the gloomy market predicted to be ahead.
July 7 -
David Fields, Rob Whitlock and Naomi O'Dell have been hired from RBC Capital Markets and will work out of the firm's Philadelphia and Chicago offices.
June 28 -
The section of I-95 that collapsed was part of a recent $212 million reconstruction.
June 12 -
High inflation and high costs for construction and borrowing add to a strained labor market complicating some planned municipal issuances.
May 19 -
"Our ratings reflect the progress the city has made over time on important issues like rebuilding reserves and improving the health of our pension fund," said Philadelphia Treasurer Jackie Dunn.
May 12