News and Information from Bond Buyer

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Standard & Poor's revised its outlook on BBB-rated Iona College to stable from negative, citing improved financial ratios as the Catholic school battles enrollment pressures.

Total unfunded state other postemployment benefit (OPEB) liabilities are stable from last year, although funding ratios remain low for the nation's combined $529.8 billion in liabilities, said a report published Monday by Standard & Poor's Ratings Services.

New York's Metropolitan Transportation Authority unveiled its proposals late Monday to increase fares and tolls by 4% over the next two years.

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Installing London- and Paris-style platform doors in New York subways could also provide a badly needed revenue stream, said one MTA board member.

Charlotte, N.C., wants the FAA to settle a lengthy governance dispute between local and state officials over Charlotte Douglas International Airport.

The Connecticut Bond Commission expects approve $5 million for the continued expansion of the Connecticut Technical High School System’s manufacturing programs, said Gov. Dannel Malloy.

The failure of Congress to agree on sustainable, long-term federal transportation funding is leading to more local solutions.

Investors predict that both the $402.3 million Dallas Area Rapid Transit and the $357.5 million Houston Independent School District deals will go well, but that investors might be more interested in the transit bonds.

San Diego's five-year financial outlook forecasts revenues to improve modestly from fiscal 2016 to 2020.

The Financial Industry Regulatory Authority has fined three firms $32,500 and expelled another from FINRA membership for violations of municipal securities rules governing pricing, transaction reporting, record keeping, and supervision.

Standard & Poor's Ratings Services said it raised its long-term rating to AA-minus from A-plus on Novato Sanitary District, Calif.'s wastewater revenue certificates of participation.

Fitch Ratings said it has downgraded Manchester, N.H.'s $122.5 million general obligation bonds to AA from AA-plus and $58.8 million school facilities revenue bonds to AA-minus from AA.

Standard & Poor's Ratings Services said it raised its long-term rating by one notch to A from A-minus on Oneida Special School District, Tenn.'s general obligation debt outstanding.

A $63.7 million remarketing of Triborough Bridge and Tunnel Authority general revenue bonds triggered strong retail demand, according to New York MTA’s finance manaher.

Connecticut faces a nearly $100 million deficit for fiscal 2015 should it take no administrative action to manage it, its Office of Policy and Management said in its annual fiscal accountability report.

The Atlanta Symphony's recent labor agreement is credit positive because it enables the Woodruff Arts Center to reduce operating deficits, Moody's said.

Fears that highly accommodative monetary policy will lead to a surge in inflation are unfounded, according to a Federal Reserve Bank of San Francisco Economic Letter release Monday.

Virginia Transportation Secretary Aubrey Layne says new P3 rules remove the mystery from the selection process.