Economy

Moody’s Investors Service last week withdrew its Ba3 rating on Methodist Hospital after it failed to provide sufficient financial information.

Standard & Poor’s has revised its outlook on Rush University Medical Center Obligated Group’s underlying A-minus rating to positive in recognition of its operating performance and a reduction in construction risks as it nears completion on a new patient tower.

DALLAS - With its first financing for a project in Fort Worth, the North Texas Tollway Authority is expanding its role as the major regional road builder as it faces new scrutiny over its business practices.

The Hudson Yards Infrastructure Corp. plans a $1 billion sale of senior revenue bonds through negotiated bid Wednesday after a one-day retail period, primarily to fund the extension of New York City's No. 7 subway line.

DALLAS - Texas Gov. Rick Perry's office rejected doubling the salary of the Texas Department of Transportation's executive director but did authorize a salary above a statutory maximum of $292,500, officials said.

CHICAGO - A weak real estate market continues to plague the long-troubled senior living sector, though providers have enjoyed some stabilization in the last year, Standard & Poor's said in a new report.

Pennsylvania Gov. Tom Corbett appointed Charles Kopp, Boise Butler 3d, John Soroko and James Shacklett 3d to four-year terms on the Philadelphia Regional Port Authority.

President Obama approved New York State’s request to expedite the review and approval process to allow work to begin on the replacement of the Tappan Zee Bridge between Westchester and Rockland counties.

The New York City Transitional Finance Authority sold $758 million of future tax-secured, fixed-rate subordinate bonds last week by negotiated sale.

Connecticut Gov. Dannel Malloy announced the award of $5 million to 11 cities, towns, and regional planning organizations for transit-oriented development aimed at improving links between communities and their transportation infrastructure.

BRADENTON, Fla. - After nearly 10 months of inaction, investors of the defaulted bonds issued by North Florida's Santa Rosa Bay Bridge Authority may see restructuring negotiations get under way now that a governing board is in place.

DALLAS - Phil Wilson, a former aide to Gov. Rick Perry recently named executive director of the Texas Department of Transportation, should be paid twice as much as his predecessor, according to the new chairman of the board that oversees TxDOT.

Anchorage will drop its lawsuit against the Knik Arm Bridge and Toll Authority, which is proposing a controversial public-private toll bridge project, according to published reports.

DALLAS - Standard & Poor's on Wednesday lowered its rating on the Arizona Transportation Board's subordinate-lien highway revenue bonds to AA-plus from AAA with a negative outlook.

WASHINGTON - The chairman of the House Transportation and Infrastructure Committee warned Wednesday that "a national infrastructure bank as proposed" in President Obama's jobs bill "is dead on arrival in the House of Representatives."

BRADENTON, Fla. - The Santa Rosa County Commission is poised on Thursday to restore a quorum to the junk-rated Santa Rosa Bay Bridge Authority by appointing three new members. The Florida agency's board hasn't met since 2010 and it defaulted on a bond payment in July.

Moody’s Investors Service Monday upgraded to Aa3 from A1 the revenue bond rating for the Charlotte Douglas International Airport.

An 18-story hotel in New Orleans that never reopened after Hurricane Katrina in 2005 will be imploded next month to make way for Louisiana State University’s new academic hospital.

CHICAGO - The U.S. Department of Transportation revoked a $1.5 million grant to Ohio after a group of Democratic congressmen from the state said Gov. John Kasich was wrongly using the money to hire a firm to advise the state on privatizing the Ohio Turnpike.

CHICAGO - The Illinois Finance Authority board Tuesday advanced borrowing plans for several retirement communities and authorized up to $480 million in bonds for the University of Chicago to refund debt and fund projects, including a new research center for its molecular engineering program and astronomy and astrophysics work.