Economy

Fitch Ratings has upgraded the rating on Cedars Sinai Medical Center's outstanding debt to AA-minus from A-plus and revised its outlook to stable from positive affecting $1 billion in debt.

Missouri will soon be in the market for a new transportation leader following the announcement that Department of Transportation Director Dave Nichols plans to retire May 1.

New regulations aimed at reducing public sector risks in transportation P3s win unanimous approval from the Virginia House of Delegates.

After record savings on a $1.68 billion refunding deal, the Central Texas Turnpike System has earned a one-notch upgrade to A-minus, Fitch Ratings analyst Casey Cathcart said.

Two leaders of the Texas Senate support a bill that would finance transportation construction with a portion of the tax on automotive sales.

The Chicago Transit Authority's receipt of a $120 federal loan under the Transportation Infrastructure Finance Innovation Act for the renovation of a major light-rail line was announced Thursday by city and federal officials.

North Carolina Gov. Pat McCrory plans to ask legislators for $2.6 billion in separate bond programs to fix neglected buildings and fund strategic road.

Airport management's flexibility and experience are key factors in rating a facility's general revenue bonds, Kroll says.

An Oregon Democratic congressman wants to raise the federal gas tax to generate $210 billion of new revenue for roads, bridges, and transit.

Gina Marie Lindsey, executive director of the Los Angeles World Airports which runs Los Angeles International Airport and two others, plans to retire in the spring.

Indiana's recent decision to expand its Medicaid program under the new federal health care law is positive for the state's hospitals and could prompt Republican-led states that have opted out to change their minds, according to Fitch Ratings.

Transit projects in 13 states in line for $3.2 billion of federal grants in President Obama's proposed budget for fiscal 2016.

Trinity Health has pulled a $1.1 billion bond deal amid rising yields, putting the deal on the day-to-day calendar until the market improves.

Wisconsin Gov. Scott Walker unveiled a $68.2 billion two-year budget proposal that favors borrowing over a higher gas tax to fund transportation projects, includes debt service for a new Milwaukee Bucks arena, and cuts University of Wisconsin aid.

Senate public works panel will continue development of multiyear transportation bill without proposed tax on corporate overseas profits.

Trinity Health this month prices its first significant bond deals since it merged with Catholic Health East in 2013, with three transactions totaling $1.45 billion including its first taxable deal.

Austin's airport hotel is seeking new terms from creditors on $40 million of bonds that were restructured a decade ago. The bonds are again in default after revenues fell short of debt service requirements.

President Obama's fiscal 2016 budget, unveiled Monday, includes several new bond proposals and a number of bond-related proposals that have been in past budgets.

The Chicago Transit Authority struck a $32.5 million deal with four telecommunications companies to finance the upgrade of wireless phone service in the authority’s subway system to a 4G network.

The Chicago Transit Authority received AA-minus and A-plus ratings on its planned $120 million TIFIA loan for the renovation of a major rail transit line.