Northeast

Newark, N.J. was put on review for a downgrade by Moody's Investors Service.

The New York City Municipal Water Finance Authority intends to sell $480 million of refunding bonds on March 25 after a one-day retail period.

Hartford's two-notch rating upgrade from S&P reflects prudent budgeting and could portend better days in Connecticut's capital, said the city's treasurer.

New York MTA's Metro-North Railroad overemphasized on-time performance at the expense of rider safety, according to a blistering report by the Federal Railroad Administration.

Massachusetts plans a sale of MassDirect notes, a rolling program aimed to attract retail investors and modeled after the U.S. Treasury's TreasuryDirect.

Harrisburg, Pa., made a $4.7 million general obligation bond payment, its first such payment in three years.

Federal Judge Kimba Wood, who imposed $5.6 million in fines and restitution on municipal bond bid-rigger David Rubin, called prison unwarranted for the founder of CDR Financial Products.

Moody's downgraded Onondaga County, N.Y. to Aa2 from Aa1.

A federal judge sentenced CDR Financial Products Inc. founder David Rubin to two years' probation and ordered him to pay a combined $5.65 million in fines and restitution for his role in rigging bids for municipal bond contracts.

Spending hikes in New York City's proposed $12.8 billion five-year school; capital plan hinge on a statewide bond referendum, the Independent Budget Office said.