Northeast

The calendar and a stronger sense of storm preparedness will help soften the blow of this winter's first major Northeast blizzard, capital markets observers said Tuesday.

Standard & Poor's dropped Atlantic City, N.J. to a junk-bond rating with a four-notch downgrade and placed the rating on credit watch with negative implications.

The Jan. 22 executive order signed by New Jersey Gov. Chris Christie to appoint an emergency management team to oversee Atlantic City's finances is a credit negative for other struggling Garden State municipalities, according to Moody's Investors Service.

A major Northeast winter storm caused issuers to postpone about $1.7 billion of bond sales , including a $1 billion Pennsylvania GO offering.

New York City Comptroller Scott Stringer announced a partnership designed to reduce claims against the city's police department.

Lower natural gas prices are a credit negative for local governments in gas-rich areas of Pennsylvania because the will pressure impact fees, said Moody's.

New Maryland Gov. Larry Hogan included funding for the state's two light rail P3 projects in his fiscal 2015 budget.

The biggest competitive municipal bond sale on this week’s calendar – the $1 billion general obligation sale from Pennsylvania, which was scheduled to go up for bidding at 11 a.m., EST, tomorrow -- has been re-scheduled because of the snow storm in the Northeastern U.S.

The Port Authority of New York and New Jersey has selected global commercial real estate services firm Cushman and Wakefield to serve as the exclusive retail agent for its Manhattan bus terminal.

Connecticut is providing Bridgeport, Conn., $300,000 to redevelop its historic Remington Arms Factory site.