Economy

Most non-profit hospitals are expected to find the 2% Medicare reimbursements cuts that take effect Monday manageable, Fitch Ratings says in a new report.

Moody's Investors Service is considering a downgrade on $1.1 billion of P3 turnpike debt in Texas to non-investment grade.

With its ratings intact, CoxHealth in Missouri next week enters the market with a mostly new-money sale for about $200 million to help finance a major expansion at its main healthcare campus.

The Virginia Port Authority Tuesday declined proposals to operate as a public-private partnership after it received an unsolicited P3 proposal.

Gov. Deval Patrick's administration, acting on a provision of the 2009 Massachusetts transportation overhaul law, has named a panel to explore P3 deals.

Moody's Investors Service last week confirmed its Baa3 rating on Memorial Healthcare and removed the rating from under review. The outlook is positive, Moody's said.

The Detroit Medical Center has dropped plans to build a $50 million outpatient facility in the Detroit suburb of Royal Oak.

Michigan will likely have a federal health insurance exchange instead of a joint state-federal partnership after the state Senate last week recessed for spring break without meeting a federal deadline.

Moody's Investors Service called an Illinois judge's dismissal of litigation challenging the state's retiree healthcare reforms a credit positive for the state.

A bankruptcy court hearing is slated next week on settlement agreement between American Airlines Inc. and holders of its $1.4 billion of New York City airport debt.

Ohio Gov. John Kasich is expected to sign into law a new two-year, $7.6 billion transportation budget that features as its centerpiece Kasich's proposal to issue debt backed by future turnpike tolls.

Pennsylvania Turnpike Commission Secretary-Treasurer J. William Lincoln resigned from the panel in the aftermath of a grand jury report over pay to play.

Dallas-Fort Worth International Airport is expected to become one of the nation's most indebted airports with $737 million of revenue bonds for its terminal remodeling project, helping prompt a Moody's downgrade.

The Virginia attorney general's office has issued an opinion that a sweeping new transportation law passed by the legislature last month violates the state constitution.

Moody's Investors Service downgraded Dallas-Fort Worth International Airport's revenue bonds to A2 from A1 ahead of nearly $800 million of bonds expected to be issued in April.

Florida's Santa Rosa Bay Bridge Authority has scheduled a meeting April 10 but a resolution to the agency's ongoing default on $131.2 million of bonds is not expected to be on the agenda.

A proposal by state officials for a municipal road and bridge revolving fund brings under-the-radar Rhode Island Clean Water Finance Agency to the forefront.

Pittsburgh Mayor Luke Ravenstahl is challenging the nonprofit status of the University of Pittsburgh Medical Center, Pennsylvania's largest employer.

Chicago must compensate the private operators of four downtown city- and park district-owned parking garages for $58 million in lost revenue and interest stemming from the city's approval of a competing parking facility.

Fewer than half of likely California voters favor current plans for construction of a bullet train system or support an $11 billion water bond slated for the 2014 ballot, according to a public opinion poll.