Economy

Moody's called a court ruling invalidating the New York MTA's payroll mobility tax a credit negative, while Standard & Poor's is maintaining its credit rating.

Standard & Poor's has raised its rating on the Saratoga County Industrial Development Agency's bonds issued for Saratoga Hospital in New York to A-minus from BBB-plus.

New York's Metropolitan Transportation Authority needs "net-zero" settlements with its labor union and to implement fare and toll increases to keep budget gaps from resurfacing and rising, Fitch Ratings said.

Gov. Chris Christie signed legislation on Wednesday to integrate all but two units of the University of Medicine and Dentistry of New Jersey into Rutgers, the State University of New Jersey.

Moody's Investors Service has placed Saint Peter's University Hospital's Baa3 bond rating on review for downgrade, affecting $165.7 million of outstanding rated debt.

Moody's Investors Service downgraded Lowell General Hospital's debt to Baa2 from Baa1 and removed the rating from under review.

A federal bankruptcy court judge signed an order authorizing American Airline's assumption of its Tulsa maintenance base sublease, paving the way for the bond trustee on $237 million of debt to soon resume payments.

The Illinois State Toll Highway Authority board on Thursday approved new pools of underwriters as it gears up to enter the market with a roughly $200 million issue to launch a $12 billion, 15-year capital program.

Revenue forecasts are an inexact science, but they are a critical part of the rapidly-expanding network of toll roads. When market participants over-rely on them, the result can be a financial meltdown.

American Airlines and the trustee on $237 million of revenue bonds issued for the airline's Tulsa maintenance base will ask the bankruptcy court to approve a settlement.

The Kansas Department of Transportation reduced its commercial liquidity exposure with Tuesday's negotiated sale of $151.4 million of highway revenue refunding bonds.

The Detroit-Wayne County Airport Authority comes to market this week with new-money and refunding airport revenue bonds.

The New Jersey Turnpike Authority is expected to sell $810 million of refunding bonds in the week's largest municipal bond sale.

Four transportation projects will be expedited as part of the president's "We Can't Wait" program, the Obama Administration announced this week, including the $3.5 billion Columbia River Crossing linking Vancouver, Wash. and Portland, Ore.

Moody’s Investors Service has revised its outlook on the OSF Healthcare System’s A3 rating to positive from stable in recognition of improved operating performance and market share.

Officials from Illinois’ Regional Transportation Authority praised Gov. Pat Quinn’s signing of legislation that requires public disclosure of sales tax agreements between local governments and companies that the RTA and some other governments complain result in lost revenues.

Lured by attractive Treasury rates and the absence of tax-exempt compliance, the Mayo Clinic is accelerating its new-money borrowing plans and opting to go with taxable paper in a $300 million issue pricing as soon as this week.

Rhode Island will receive more than $3.3 million in federal funds to help replace the Pawtucket River Bridge on Interstate 95 in Pawtucket.

In a letter to the New York State Thruway Authority, Gov. Andrew Cuomo requested a task force to explore ways to reduce toll increases

Groton, Conn. voters will vote in November whether to issue up to $11.2 million in bonds to cover the cost of a five-year plan to fix town roads.