Northeast

The Port Authority of New York and New Jersey sold $600 million in two competitive offerings on Wednesday, saving about $57.3 million on the refunding portion.

Standard & Poor's has revised its outlook on the New York State Thruway Authority's general revenue bonds to negative from stable based on possible lower debt service coverage.

Moody's Investors Service said the settlement arrived at between the New Jersey Meadowlands Commission and Lyndhurst regarding unpaid township property taxes is a credit positive.

The Wadsworth Atheneum received a $2 million grant from the Connecticut Bond Commission, helping the Hartford art museum launch the second phase of a renovation project.

Two New Jersey counties (Union and Monmouth) and one in New York (Monroe) will come to the market this week with competitive offerings to finance capital improvements.

Scranton styles itself as "The Electric City," but ongoing financial problems, combined with the discord on display at a City Council meeting last week, raise questions about its ability to keep the lights on at its 19th-century Gothic Revival City Hall.

The New York City Municipal Water Finance Authority plans to sell $450 million of fixed-rate, tax-exempt new money bonds on Tuesday, after a one-day retail order period.

Woonsocket school officials are asking Rhode Islandto take over the district immediately.

Harrisburg's new state-appointed receiver wants the City Council to approve two hires and a tax increase under the proposed financial recovery plan for Pennsylvania's capital by Monday, or he might ask the Commonwealth Court to force the city to implement them.

SumRidge Partners wants to help the growing number of independent wealth management firms trade faster and access more information when devising strategies for the municipal bond market.