Northeast

Moody’s Investors Service lowered the rating of the private collage in upstate New York to Ba3 from Ba1.

Opponents to the under-the-radar provision say its harshness could impede the execution of the MTA's new capital program by deterring contractors.

Facing loss of their tax-exemption under 2017 tax legislation, rural electric and utility cooperatives lobbied for language in the new federal spending bill.

Laura Porter will be analytical global group head of public finance and infrastructure ratings, replacing Dan Champeau, who is moving to Fitch Solutions.

Justin Elicker will take over a Connecticut city with challenges that include low pension funding and a rift between downtown and its poorer neighborhoods.

The Bond Buyer's Paul Burton and Andrew Coen dissect Northeast regional transportation, including the stalled Gateway tunnel project, New York MTA, NJTransit, Penn Station and Connecticut's tolling debate.

New York financial leaders remember Felix Rohatyn, who died Saturday, as the driving force behind the city's recovery from near-bankruptcy in the 1970s.

Reuben R. McDaniel III will head the Dormitory Authority of the State of New York.

Observers say the deal with the Transport Workers Union could strain the authority's operating and capital budgets.

The judge overseeing PHC's lawsuit accusing Nuveen of strong-arm tactics makes final push for mediated resolution before issuing opinion.