Capital markets

Moody's Investors Service cut its rating to A2 from A1.

The state's $920 million GO sale is its first since it adopted a new budget and Moody's raised its rating outlook.

Moody’s cited the Pennsylvania city’s continued reliance on its 2013 utility sale to sustain operations.

S&P last week downgraded the transportation authority, citing weak debt-service coverage.

The state expects to come to market with an $889.1 million general obligation sale in three tranches.

“Strategic investments” account for the 20% increase in spending since New York Mayor Bill de Blasio took office, his budget director said Thursday.

The Hutchinson Shockey name will continue after its acquisition by Ohio-based Huntington Bancshares.

Federal disaster relief mitigates the credit impact of fires and other catastrophes, rating agencies say.

S&P Global Ratings dropped New York's Metropolitan Transportation Authority to A from A-plus, its second downgrade of the agency in five months.

The Moody's upgrade comes as the city is exploring a privatization of the Lambert airport.

The county will sell $150 million of sales tax-backed paper, already rated AAA by S&P.

The authority received upgrades from Moody’s on its two variable rate debt issues backed by bank letters of credit.

The five bankers will work in the firm's Chicago, Washington, D.C., and New York offices.

The judge said plaintiffs didn't allege Snyder knew about the dangers of the water in Flint River when he authorized the switch to using it.

The State Bond Commission approved a $10 million study on reviving tolls against a backdrop of revenue strain and regional dynamics.

Moody's shifted the outlook on RTA and CTA's $5 billion of debt as Chicago and Illinois outlooks stabilize

ArtCenter College of Design plans to price $100 million in combined refunding-new money sale.

City officials say the round of assignments for bond counsel and special disclosure counsel includes larger and smaller, minority-owned law firms.

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

A negotiated transaction may help Maine limit the yield penalty from Gov. Paul LePage's last-minute cancellation of the sale last month.