Bond ratings

The rating agency cited traction on its financial turnaround in revising the outlook on the junk-rated hospital to stable from negative.

The upcoming fiscal 2025 budget will take "some first steps" to address a structural gap of about $158 million, Melissa Dubowski said.

Colorado's sole public safety net healthcare provider faces rising uncompensated care costs, driven in part by treating thousands of uninsured migrants coming from the southern border.

Fitch Ratings downgraded the private-activity bonds supporting LAX's people mover bonds to junk, but said they could fall lower if the airport doesn't reach an agreement on delay concessions.

The ratings agency cited federal support and military spending on the island as keys to its decision.

Inflation and mandate pressures are key factors that moved the outlook lower.

The rating agency said plugging a growing budget gap is "crucial" for the credit quality of the Aa1-rated state.

"The upgrade reflects an expected continuation of very strong and consistent operating performance and revenue growth," Moody's said.

The negative outlook on the Phoenix-based university's Ba1 rating is due in part to its battle with federal regulators, including the U.S. Department of Education, which it sued in 2021.

The agency plans to broaden its current market share and expand into new sectors.