Northeast

At its meeting on Wednesday the board of the Dormitory Authority of the State of New York approved approximately $3.9 billion in financings for higher education and health care institutions.

Suffolk County, N.Y.'s general obligation bonds were downgraded to A-plus from AA-minus by Fitch Ratings two weeks before its $60 million competitive offering.

The New York State Insurance Department had many good reasons to approve the split of MBIA Inc. into two parts in 2009, the state's attorney said Tuesday.

Moody’s Investors Service said on Monday that New Jersey missing its revenue targets is a credit negative for the state.

The New Jersey Turnpike Authority is expected to issue $141 million of revenue bonds on Wednesday to refund its Series 2004C-1 bonds.

As Scranton, Pa.'s City Council and Parking Authority squabble over a $1.4 million allocation the agency says it needs to avoid default, one accountant in the city says Scranton itself should seek bankruptcy protection.

The estimated cost of the East Side Access for New York’s Metropolitan Transportation Authority has risen by another $1 billion and the completion date pushed back three years — at least.

The Rhode Island Economic Development Corp. discussed the problems of Curt Schilling’s 38 Studios LLC at a Monday night meeting in Providence, but did nothing.

The Dormitory Authority of the State of New York is expected to sell $217 million of school district revenue bond financing program revenue bonds in five series on Tuesday, after pricing for retail on Monday.

Officials from distressed municipalities discussed their financial situations at The Bond Buyer's Tri-State Area Public Finance Conference on Monday.