Northeast

Fitch Ratings revised the outlook to negative from stable on the Long Island Power Authority’s $5.9 billion of outstanding revenue bonds based on restoration costs from Hurricane Sandy.

City officials, workout consultants and industry leaders asked a Pennsylvania agency to let the city of Pittsburgh exit its recovery plan and the distressed label that goes with it.

A judge on Friday granted Highmark's motion for a preliminary injunction against West Penn Allegheny Health System, blocking the speculative-rated health system from seeking other suitors for an affiliation.

Hurricane Sandy gave New York's Metropolitan Transit Authority a harsh wake-up call about the need to fix infrastructure in the face of climate change.

City Council member James Diossa and former police Chief James Moran advanced in a five-way special nonpartisan mayoral primary in recently bankrupt Central Falls, R.I.

Standard & Poor's lowered West Philadelphia Achievement Charter Elementary School's $7.45 million revenue bonds to junk bond level BB-plus from BBB-minus.

A federal judge will sentence David Dodd on felony counts related to the failed Capitol View Commerce Center project in Harrisburg, Pa.

Law firm Ballard Spahr LLP hired Holly Horsley as an associate in its New Jersey office.

New York's Nassau County is expected to lose $30 million in sales tax revenue in the two weeks after Hurricane Sandy.

The MTA's Triborough Bridge and Tunnel Authority should be able to absorb revenue losses from Hurricane Sandy closures, said Moody's, though liquidity could be further squeezed.