Northeast

S&P, in the latest bond rating company tongue-lashing to Pennsylvania over its unfunded pension liability, warned of a possible downgrade.

A new credit issued by New York's Metropolitan Transportation Authority secured by payroll mobility tax revenues should be its highest rated, according to finance director Patrick McCoy.

New York's MTA board is weighing an $11 million addition to its $429 million contract with Bombardier and Siemens for train controls that would inhibit speeding.

Among signs of increased spending and reduced revenues in Nassau County, N.Y., Moody's Investors Service has raised concerns.

New York's MTA expects its tentative five-year deal with Transport Workers Union Local 100 to cost $525 million, according to an authority document.

New York City Comptroller Scott Stringer on Friday called for allocating an additional $1 billion to emerging managers — which include so-called minority and women business enterprises — of the city's five public pension funds.

The Port Authority of New York and New Jersey, operating under increased public scrutiny after the "bridgegate" scandal, is weighing the risk of providing a $1.2 billion loan guarantee for the developer of Three World Trade Center.

Union-owned Amalgamated Bank has been carving a niche for itself with bond transactions in Harrisburg and Scranton, Pa., and Allen Park, Mich.

Housing in New York City became less affordable since 2000 as the median apartment rent rose by 75% while real incomes declined, according to a report by city Comptroller Scott Stringer.

Standard & Poor's has revised its outlook on New Hampshire's general obligation AA bond rating to negative from stable.