Northeast

Moody's called a court ruling invalidating the New York MTA's payroll mobility tax a credit negative, while Standard & Poor's is maintaining its credit rating.

Standard & Poor's has raised its rating on the Saratoga County Industrial Development Agency's bonds issued for Saratoga Hospital in New York to A-minus from BBB-plus.

New York's Metropolitan Transportation Authority needs "net-zero" settlements with its labor union and to implement fare and toll increases to keep budget gaps from resurfacing and rising, Fitch Ratings said.

Gov. Chris Christie signed legislation on Wednesday to integrate all but two units of the University of Medicine and Dentistry of New Jersey into Rutgers, the State University of New Jersey.

Moody's Investors Service has placed Saint Peter's University Hospital's Baa3 bond rating on review for downgrade, affecting $165.7 million of outstanding rated debt.

July's income tax collections in New Jersey increased from the same month last year by $54 million, according to a statement released by the state's Department of Treasury.

Moody's Investors Service downgraded Lowell General Hospital's debt to Baa2 from Baa1 and removed the rating from under review.

A proposed $55 million bond issue that includes $44 million to expand city schools will go to Danbury, Conn., voters in November.

Scranton, Pa.'s City Council approved its financial recovery plan moments after landing a $6.2 million tax-anticipation notes deal from Amalgamated Bank.

A legal battle over the ability of a state-appointed receiver to force capital city Harrisburg to increase taxes played out in a Pennsylvania court.