Economy

Federal grants awarded to transit systems damaged by Hurricane Sandy will reduce the financial strain from future storms, Moody's said.

S&P lowered its ratings to A-minus from A on bonds sold for Shands Teaching Hospital at the University of Florida, citing an upcoming $250M deal.

Connecticut will come to market with a $730 million sale of special tax obligation transportation infrastructure bonds, including $130 million in refunding.

San Francisco-based Dignity Health plans to issue $1.4 billion worth of debt through several private placement deals and a taxable bond issuance up to $888 million in the first two weeks of October.

Most Texans want to increase state spending on transportation infrastructure without raising taxes, according to a new statewide poll.

Chicago officials said the city's O'Hare International Airport is on pace to reclaim the title of the world's busiest airport by flights, a title it ceded a decade ago to Atlanta's Hartsfield-Jackson Memorial Airport.

Targeted increases in transportation infrastructure funding are needed to overcome a 10-year backlog of neglected projects.

Washington State University has been authorized to sell up to $16.25 million of revenue bonds for a new health clinic at its Spokane, Wash. campus.

Citing weak debt coverage, Standard & Poor's downgraded Arizona Health Network's revenue bonds to BBB from BBB-plus and retained a negative outlook.

Transportation Department doesn't account for how it awards federal TIGER grants, GAO says in new report.

New York's MTA intends to pitch the city, state and federal government and corporate leaders to help cover its $15.2 billion capital program gap. Otherwise, it will have to borrow more.

Illinois-based Presence Health has finalized a deal to sell one of its Chicago hospitals that has strained the system's books with losses.

Gasoline tax revenues are not a reliable long-term source for financing transportation infrastructure, Pew Charitable Trusts said in new report.

Fitch revised its outlook to stable from negative on Tennessee's Memphis International Airport bonds despite losing Delta Air Lines' hub.

New York's MTA will propose a four-year capital plan that assumes a $15.2 billion funding gap, according to authority documents.

New York's MTA intends to remarket $148 million of Triborough Bridge and Tunnel Authority subordinate revenue variable rate bonds in October, an official told the finance committee.

The Federal Railroad Administration released a draft environmental statement for the new private passenger rail service All Aboard Florida.

Indiana officials assured Hoosiers that the bankruptcy of the private operator of the Indiana Toll Road would not hurt the state, but one analyst warned that "aggressive" toll rates in the original lease could spell long-term problems.

Transportation advocates want to put the kibosh on congressional proposals to slash the federal gasoline tax and turn over almost all highway funding to the states.

The Texas Transportation Commission expects to price $1.1 billion of general obligation bonds in October, about six months later than originally scheduled.