Economy

All three major ratings agencies have downgraded Catholic Health Services of Long Island, N.Y., revenue bonds.

Illinois-based Advocate Health Care Network enters the market Thursday to raise nearly $100 million of new money for projects at three of its Chicago area hospitals.

Any credit with Detroit in its name can expect to take a hit in the market, but for the Detroit Metropolitan Airport, the so-called Michigan penalty is nothing new, says CFO Terry Teifer.

New York's MTA has secured $200 million of insurance protection that will help pay for future repairs for storm damage to its infrastructure, the agency announced.

Texas Gov. Rick Perry on Tuesday called a third special session after the Legislature failed to pass an $850 million highway funding measure.

New York City subway and bus fares would rise by 50% by 2023 if the MTA continues with biennial 8.4% fare increases, said the Independent Budget Office.

Moody's Investors Service affirmed the Baa3 credit rating of a Lancaster-Calif.-based Antelope Valley Healthcare District that had been placed on review for downgrade.

Chicago retirees who stand to lose their city-subsidized healthcare under Mayor Rahm Emanuel's plan to dismantle the existing program and move them to health insurance exchanges are firing back, suing to hold on to the benefit.

Milwaukee County plans to sell $51 million of new money and refunding general airport revenue bonds for General Mitchell International Airport, but received a downgrade and worsened rating outlook.

Moody's Investors Service downgraded Alaska's Airport System revenue bonds due to a slowdown in global air cargo.

Both houses of the Texas Legislature debated a compromise measure to provide more than $800 million per year for transportation funding as their second special session neared the end.

Illinois Gov. Pat Quinn has signed legislation that paves the way for the use of public private partnership to build the long-planned third Chicago regional airport in the far southwest suburbs.

Charlotte, N.C., officials are examining their options after lawmakers passed a second bill taking operations of Charlotte Douglas International Airport away from the city.

Children's Hospital of Colorado this week will raise $200 million for new facilities with deald that combine fixed-rate bonds and direct placement of variable-rate debt.

Ohio is offering $1.1 billion of bonds backed by a new junior-lien credit pledge from the Ohio Turnpike Tuesday in a transaction key to the state's plan to shore up its long-term infrastructure spending.

The financing structure of Orange County Transportation Authority's $124 million refunding planned for Tuesday represents an evolution in financing for managed lane projects.

Connecticut's Bond Commission on Friday approved more than $537 million in state funds to finance transportation construction and maintenance projects.

Massachusetts lawmakers overrode Gov. Deval Patrick's veto of a $500 million transportation funding bill that will raise the gasoline tax by 3 cents per gallon.

Arkansas will issue $500 million of 10-year bonds for highway projects in September, down from an initial projection of $1.3 billion of new debt. More pay-as-you-go financing will be used.

Three leaders of Senate committees that oversee transportation are calling for colleagues to work together to address the Highway Trust Fund shortfall that is expected to occur after the current funding law expires on Sept. 30, 2014.