Economy

Moody’s Investors Service retained a negative outlook on Catholic Health Initiatives $5.7 billion of rated debt after lowering the healthcare giant to Baa1 from A3. The downgrade comes less than a month after a similar move by S&P Global Ratings.

JP Morgan’s 7th annual public finance transportation and utility conference in New York featured presentations from Dallas/Fort Worth International Airport and the Metropolitan Washington Airports Authority, which are taking differing approaches to financing their needs.

Complications are threatening to even further delay the planned reopening of the No. 1 line Cortlandt Street station in New York, destroyed on Sept. 11.

Arkansas House defeats plan to raise taxes by $200 million per year to support road bonds.

Cleveland-based MetroHealth wants to persuade Cuyahoga County to allow it to substitute a liquidity agreement for a debt service reserve fund on forthcoming bond deals.

The Southeastern Pennsylvania Transportation Authority is proposing its first fare hike since 2013.

A potential budget wall between TxDOT and a proposed bullet train could halt the $12 billion project.

Threats to St. Louis University’s medical accreditation adds some remote credit risks to the school’s rating if not successfully resolved, Moody’s Investors Service said.

McCarran Airport in Las Vegas received a one-notch upgrade on its revenue bonds ahead of plans to price $187.9 million.

Illinois stands to lose $40 billion in federal Medicaid funding over the next 10 years under the current Republican plan to replace the Affordable Care Act as Moody’s warns that the plan is a negative credit development for states.

Trump’s 2018 budget plan threatens funding for transit projects such as Maryland’s $5.6 billion Purple Line rail P3.

The cost of health care in Texas is rising faster than both the general inflation rate and the growth of the state's population, but state leaders have provided little guidance on how to address major changes that may be coming this year.

One of the only intermodal freight facilities to take advantage of a special 12-year-old federal private activity bond program is readying its fourth round of financing.

President Trump's 2018 budget outline would dramatically cut spending for federal transportation and community development programs.

Changes to New York MTA’s four-year financial plan slightly worsen the outlook for the authority, said the watchdog Citizens Budget Commission

Legislative battles break out in South Carolina and Tennessee over proposed state gasoline tax hikes.

Ohio-based ProMedica Health System’s shaky fiscal 2016 results drove a one-notch downgrade by Moody’s Investors Service.

Parity for New York State transportation investments is a misnomer, according to a report by budget watchdog Citizens Budget Commission.

Private investment plan revives long-stalled Oklahoma highway project to complete a road loop around Tulsa.

Texas Lawmakers would reduce voter-approved funding for the Texas Department of Transportation by $2.3 billion under a proposed resolution by the state House’s chief budget writer.