Economy

West Coast nonprofit hospital chain Dignity Health, formerly Catholic Healthcare West, was downgraded ahead of plans to sell up to $500 million in taxable bonds.

Denver plans to price $700 million of revenue bonds Wednesday to build an airport hotel that will adjoin a commuter rail line linking passengers to downtown's Union Station.

Gov. John Kasich Thursday told local reporters that he expects to unveil a privatization plan for the Ohio Turnpike within the next 30 days, and hopes to leverage at least $1 billion for the state.

Sanford Health, in South Dakota, is bringing $130 million of bonds to market next week to finance an ambitious $1.5 billion capital plan that credit analyst warn could strain the system's otherwise-strong balance sheet.

The Austin, Texas City Council is considering bond projects worth about $189 million to accommodate the growing passenger traffic at Austin Bergstrom International Airport.

Gov. Robert Bentley said Alabama would not create a health insurance exchange plan under the federal Affordable Care Act.

New York's MTA has strengthened its financial condition over the past two years, but still faces continued challenges, said state Comptroller Thomas DiNapoli.

On Wednesday the Nassau County Interim Finance Authority is expected to sell $313 million of triple-A rated sales tax secured bonds and the Nassau County Local Economic Assistance Corporation is scheduled to sell $132 million of revenue bonds.

Moody’s Investors Service Monday downgraded to A2 from A1 $79 million of debt issued by Northeast Ohio Medical University, and placed the rating under review for further possible downgrade.

A group of high-profile Detroit-area supporters from the business and political communities urged lawmakers last week to advance a bill that would create a regional transit authority.

Highmark has sued West Penn Allegheny Health for calling off their $475 million merger, calling the action a contract breach and "a flight from reality."

The U.S. Court of Appeals for the Federal Circuit heard oral arguments Tuesday in the case of Corr V. Metropolitan Washington Airports Authority, a lawsuit that strikes at MWAA's primary mechanism of repaying more than $2 billion of bond debt.

Connecticut Gov. Dannel Malloy and the U.S. Department of Transportation announced the release of $121 million for the New Haven-Hartford-Springfield rail program.

The IRS has closed an audit without changing the tax-exempt status of $31.23 million of health center revenue bonds that were issued by the Lebanon County Health Facilities Authority in 2005 on behalf of the Pleasant View Retirement Community Project.

A labor coalition wants New York's MTA to renegotiate or cancel interest-rate swaps on bond deals, while the agency says it still saves money on them.

The Allegheny County Airport Authority, Pa. is requesting bids for natural-gas drilling at Pittsburgh International and Allegheny County airports.

The Federal Highway Administration approved New York's plan for a new span to replace the current Tappan Zee bridge.

Fitch Ratings upgraded to BBB-plus from BBB almost $1 billion of debt issued on behalf of Barnabas Health in New Jersey.

The Port Authority of New York and New Jersey sold $2 billion of taxable bonds on Thursday — a day ahead of schedule, due to strong demand.

Illinois has submitted a draft airport layout plan to the FAA for a third regional airport to be located far southwest of Chicago. The airport has long been discussed but its advances have come slowly.