Economy

University of Texas regents approved $334.5 million of university revenue bonds to fund a medical school in Austin.

With some saying that the Puerto Rico Highways and Transportation Authority is teetering, muni market participants are wondering about its financial health.

Moody's Investors Service lowered Ascension Health Alliance's rating one level to Aa2 ahead of the nation's largest not-for-profit healthcare system's upcoming sale of $980 billion of refunding bonds.

The Puerto Rico Highways and Transportation Authority may default as soon as next week, El Nuevo Dia newspaper reports a Puerto Rico government official as saying.

Hawaii State legislators killed a bill that would have reduced the state's take of a surcharge designated to pay the costs of a $5.2 billion elevated rail now under construction in Honolulu, according to the Honolulu Star Advertiser.

The Los Angeles City Council approved a $4.76 billion Los Angeles International Airport plan to move the northernmost runway closer to homes in Westchester and Playa del Rey.

Wednesday marked the deadline for companies interested in developing a pair of major rail projects under Maryland's new public-private partnership law, and the private sector is jumping at the chance.

New York's MTA named veteran transit manager Joseph Leader senior vice president for its department of subways, succeeding the promoted Carmen Bianco.

The Louisiana Senate has sent a bill to the House authorizing $252 million of off-the-book lease revenue bonds for the community college system.

Louisiana will avoid $110 million in swap termination penalties with a $303.1 million refunding on May 16 approved by the State Bond Commission.

Fitch Ratings last week affirmed its AA-minus on $1.8 billion of debt held by Catholic Health Partners, Ohio's largest health care system.

A judge ruled last week that several Kansas City, Mo. business owners behind a lawsuit challenging the legality of the funding mechanism for the city's proposed $102 million, two-mile downtown streetcar line don’t have to file a bond to proceed with their appeal.

Fitch Ratings and Moody's Investors Service recently revised their outlooks on Methodist Medical Center of Illinois' rating to positive from stable in recognition of its improved operating performance.

Beacon Health expects strong investor response when it comes to market Wednesday with $157 million of AA-minus rated hospital bonds that marks the first borrowing for the newly created credit.

With new competition fast approaching, Dallas-Fort Worth International Airport is returning to the debt market to price $367 million of revenue bonds for its terminal renewal and improvement program.

Highmark Inc., which closed on a $604 million deal to take over teetering West Penn Allegheny Health System, is now under rating agency glare.

The Connecticut Bond Commission earmarked $11.7 million for two Department of Transportation projects at the Stamford train station and in four other communities.

Six months after announcing a proposed merger, Trinity Health and Catholic Health East said Thursday they've closed the deal, which will create the second-largest health care provider in the country.

The Columbia River Crossing project, a $3.4 billion replacement of the Interstate 5 bridge connecting Portland, Ore. and Vancouver, Wash., appears stalled unless Washington state lawmakers approve $450 million soon.