Northeast

Veteran banker Jeffrey Diehl will direct the nascent Rhode Island Infrastructure Bank, its board of directors announced.

Rebranding and internal improvements paid off for Capital Region Water – the former Harrisburg Authority – which landed its first investment-grade rating since 2011.

New York State lawmakers agreed on a $156 billion fiscal 2017 budget Thursday night that includes a record $55 billion in transportation investments.

As the battlefield shifts to its 2017 budget from its 2016 budget, Pennsylvania’s sharp political divide has had heavy ramifications in the capital markets.

Gov. Chris Christie reiterated his call for the Assembly to approve an Atlantic City state takeover bill Thursday, emphasizing that the credit health of other New Jersey municipalities is at stake.

Scranton, Pa.’s pending $195 million wastewater sale could help end its long stay in a state oversight program for distressed cities, Mayor Bill Courtright said.

The University of Connecticut intends to sell $342 million of GO bonds under its UConn 2000 infrastructure improvement program, including a $42 million refunding.

With Atlantic City inching closer to a government shutdown, multiple New Jersey Assembly members are calling for Gov. Chris Christie to compromise on a state takeover bill and use tools at his disposal to help the gambling hub avoid default.

Connecticut lawmakers approved a plan to close an estimated $220 million deficit for fiscal 2016, while a nearly $1 billion shortfall for the following year hovers.

The Southeastern Pennsylvania Transportation Authority has proposed a $1.4 billion 2017 fiscal budget that spares riders a fare hike.