Northeast

Standard & Poor's Ratings Services said it raised its long-term and underlying ratings on the New Jersey Health Care Facilities Financing Authority series 2002 and 1999 bonds issued for the Palisades Medical Center obligated group to BBB-minus from BB-plus.

Standard & Poor's dropped the rating on Rutgers University's general obligation debt to AA-minus from AA, citing risks associated with the planned merger with University of Medicine & Dentistry of New Jersey.

The New York City Transitional Finance Authority intends to sell $800 million of future tax secured subordinate bonds Wednesday, June 12, after a two-day retail order period.

Moody's Investors Service has downgraded Mercer County, N.J. general obligation debt to Aa2 from Aa1.

Standard & Poor's has raised its rating of Concord's general obligation debt to AA-plus from AA due to robust operating results.

Pennsylvania's $28.3 billion budget is headed for floor debate in the House after its appropriations committee approved it by a party-line 21-14 vote.

While serving a prosperous city and picturesque tourist destination, Burlington, Vt.'s airport is one of the few passenger airports to which Moody's Investors Service has given a speculative grade.

Connecticut's $37.6 billion budget is en route to Gov. Dannel Malloy after the state Senate on Monday night approved the biennial spending plan by a 19-17 vote.

Muni finance expert Matt Fabian of Municipal Market Advisors will speak before a Rhode Island House panel about the pros and cons of paying moral obligation bonds for 38 Studios.

Pittsburgh officials want Pennsylvania to remove the "distressed" tag and are tired of waiting for the Department of Community and Economic Development to act.