Northeast

Moody's downgrades regional public university two notches to Baa3 ahead of a $52 million revenue refunding bond sale.

Philadelphia Mayor Jim Kenney's revised budget proposed reflects a massive revenue shortfall, related to the shutdown to prevent the spread of COVID-19.

The Municipal Liquidity Facility is not enough to counter the fiscal effects of COVID-19, says the man who helped rescue the city from its 1970s fiscal crisis.

S&P Global Ratings follows Moody's Investors Service in revising state’s credit outlook downward on revenue losses from COVID-19 pandemic.

The mass transit authority cannot tap the Municipal Liquidity Facility directly, chief financial officer Robert Foran said.

The COVID-19 pandemic has dragged the tourist city to the verge of junk status.

The utility envisions a digital power grid and clean energy transmission, with this sale setting the stage.

For the second time in two weeks, a rating agency lowered the Port Authority of New York and New Jersey's outlook.

Where and how residents buy their alcohol in the commonwealth's control state system has resurfaced as a budgetary, policy and public-health dynamic.

The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.