Economy

Detroit-based Henry Ford Health System, one of the largest healthcare systems in Southeast Michigan, hits the market with an $821 million refunding next week sporting an upgrade from one rating agency and a positive outlook shift from another.

States are expected to use almost $800 million of new federal grants aimed at smooth freight shipments to leverage another $3.6 billion of infrastructure investments from other sources.

Two large bond offerings from Providence St. Joseph Health, the result of a merger between two major West Coast healthcare providers, epitomize the continuing trend of consolidation in the not-for-profit healthcare sector.

Rhode Island will use $400 million under its RhodeWorks infrastructure initiative to rebuild and replace bridges at a crumbling Providence interchange.

FHWA will reallocate $2.8 billion of unspent federal highway funding to 49 states in fiscal 2016.

The Pennsylvania Turnpike Commission is headed toward a fiscal pileup that could imperil the state’s entire transportation system, said state Auditor General Eugene DePasquale.

The New York City Transitional Finance Authority intends to sell roughly $1 billion of future tax-secured subordinate bonds later this month.

The Airport Commission of the City and County of San Francisco is teeing up a nearly $900 million dollar bond deal.

Freight backlogs are biggest potential setback to U.S. ports from South Korean shipping bankruptcy.

Tennessee officials hope to avoid a $60 million cut in federal road funding over state's new under-21 DUI law.

Minnesota highway officials say road conditions will worsen without solution to growing revenue gap.

The market stars aligned for Berkeley, Calif., to land what participants call exceptional pricing for a parking revenue bond deal.

The National Development Council closed its $32 million parking system transaction with Scranton, Pa.

States will experiment with alternatives to the gasoline tax using funding from first round of federal grants.

Caught up in a dispute between county tax appraisers and the bankrupt owner of a nuclear power plant, a tax-supported hospital district in Glen Rose, Texas, has defaulted on its debt payment, according to a disclosure notice.

Japan will contribute $2 million to study a $10 billion magnetic levitation rail line between Baltimore and Washington.

New Hampshire's Dartmouth-Hitchcock Obligated Group received a one notch downgrade from one rating agency while another placed it on watch with negative implications.

Southwest Ohio’s largest healthcare provider capitalized on the low interest rate environment last week to save on the debt of four hospitals it now operates as one obligated group.

Congressional critic of California's $9 billion of state bonds for high-speed rail wants to repurpose the funding.

Amtrak countersued the Massachusetts Bay Transportation Authority over $30 million for track maintenance between Boston and Rhode Island.