Northeast

Moody's Investors Service downgraded MaineGeneral Medical Center to the speculative grade Ba1 from the investment grade Baa3.

The Commonwealth Court of Pennsylvania on Thursday approved Harrisburg's financial recovery plan. Receiver William Lynch's team wants to price bonds related to the deal while market conditions are still favorable.

Harrisburg's outgoing mayor, Linda Thompson, implored her successor stay out of the bond market, even as Pennsylvania's capital begins to regain credibility in the capital markets.

Harrisburg, Pa., state-appointed receiver William Lynch is scheduled to present his financial recovery plan to the Commonwealth Court of Pennsylvania on Thursday.

The board of New York’s MTA approved a contract with Kawasaki Rail Car for up to $1.8 billion to design and build rail cars for LIRR and Metro-North Railroad.

Carmen Bianco's presidency of New York City Transit is now permanent, MTA Chairman Thomas Prendergast announced.

The Please Touch Museum of Philadelphia defaulted on almost $59 million in bonds. The children's museum says it needs a workout.

Moody's Investors Service placed the Baa1 rating of UMass Memorial Health Care on review for downgrade, affecting $299 million in rated debt outstanding.

Long Island Rail Road and local private-sector unions have reached an agreement designed to reduce labor costs on seven major construction projects by nearly 11%.

Maine Gov. Paul LePage has lifted a two-year moratorium on the sale of mortgage revenue bonds in Maine.