Economy

Fitch downgraded Florida's Pensacola International Airport bonds to BBB-minus from BBB primarily due to "financial underperformance" and airline consolidation risk.

The New York Transit Museum will host a discussion on bus rapid transit expansion plans in New York City's demographically changing outer boroughs on Sept. 10.

Combined proposals from Texas issuers in November come to about $6.6 billion, with Austin leading the way with about $1 billion.

Two Illinois based not-for-profit healthcare systems -- Northwestern Memorial Healthcare and Cadence Health – said they plan to complete their merger on Sept. 1.

The opening of Greater Boston's first new subway station in 27 years is a credit positive for Somerville, Mass., said Moody's Investors Service.

A seven-member panel studying high-speed rail service in north Texas plans to seek federal funding to begin development of a line between Austin and Fort Worth.

Nearly 20 years after the airport opened, Denver International Airport is restructuring variable-rate debt as part of a deal that adds a decade to the lease of its major carrier United Airlines by reducing carrier operating costs.

KeyBanc Capital Markets has hired Zachary Kau to work as a managing director in the San Francisco office heading its healthcare finance business in the Public Finance Group.

Metro-North Railroad's emphasis on on-time performance worsened the safety culture at the commuter rail line, said a report commissioned by New York's MTA.

A federal lawsuit seeking to halt Maryland's $2.4 billion Purple Line light rail project says track work will threaten endangered species.

The federal government's review of Medicaid reimbursements will not affect Connecticut's AA general obligation bond rating for now, said Standard & Poor's.

Baltimore city and county will provide $280 million for Maryland's $2.9 billion Red Line light rail project to help attract $900 million of federal funding.

The consortium building the $2.3 billion Interstate 4 project in central Florida says bank and federal loans are cheaper than bonds for the state's largest public-private partnership project.

The Port of Los Angeles, an infrequent issuer, plans to price a $339 million combined new money-refunding with AMT and non-AMT the week of Sept. 1.

The Port of Portland is planning to sell nearly $100 million of revenue bonds next week for the Portland International Airport.

States are losing more than $1 billion a year by giving breaks on jet fuel taxes to airlines, the Unite Here International Union said in a new report.

The Louisiana Transportation Funding Task Force holds its first meeting Sept. 10 to begin studying new ways of funding road and bridge projects.

Nevada made a splash earlier this year with plans for its biggest P3 yet. Now the state has reversed course after finding it would be less expensive to manage and fund the project itself.

Oregon, which invented the gasoline tax in 1919, is on the road to be the first state to shift to a mileage-based user fee for highway funding.

New York City has reached tentative seven-year, four-month contract agreements with SEIU Local 300 and the United Probation Officers Association, Mayor Bill de Blasio said.