Northeast

With a bankruptcy in Central Falls and pension-debt problems engulfing her state, Rhode Island General Treasurer Gina Raimondo has announced a bond sale for next week, accompanied with a marketing campaign.

The Monroe County, N.Y., Industrial Development Corp. is scheduled to issue $161 million of fixed-rate, tax-exempt revenue bonds on Thursday following a one-day retail order period, to benefit 19 projects at the University of Rochester.

The New Hampshire Higher Education Loan Corp. has scheduled a sale of $522.6 million of taxable student loan-backed notes for this week.

The Empire State Manufacturing Survey showed "conditions for New York manufacturers continued to worsen," the Federal Reserve Bank of New York reported Monday, as the general business conditions index declined to negative 7.72 in August from negative 3.76 in July.

The dominoes continue to fall in Rhode Island as Moody’s Investors Service downgraded East Providence to Baa1 from A1, while on the same day it lowered to A2 from Aa3 the Rhode Island Health and Educational Building Corp.’s revenue bond financing program.

The Southeastern Pennsylvania Transportation Authority sold $201.6 million of tax-exempt capital grant receipts bonds, Series 2011.

The Dormitory Authority of the State of New York on Wednesday approved $426 million of health care bonds for the North Shore-Long Island Jewish Obligated Group. The 30-year bonds will be sold through negotiated sales.

New York Gov. Andrew Cuomo named a search committee to recommend candidates for the next chairman and chief executive of the Metropolitan Transportation Authority.

New York Comptroller Thomas DiNapoli proposed establishing an industry-supported fund to recover damages caused by accidents related to Marcellus Shale natural gas drilling.

Fitch Ratings upgraded Massachusetts’ special obligation highway revenue bonds to AA-plus from AA with a stable outlook. The agency said the move was part of its continuous surveillance effort.