Industries

The state authority building the passenger rail project says it has a clear path to "achieving commercial success at the earliest stage."

"Rural hospitals were already uninvestible, in our mind," Columbia Threadneedle's Shannon Rinehart said. "What this has done is blow up any chance they have."

San Francisco Bay Area Rapid Transit has struggled to regain ridership after the pandemic.

RBC Capital Markets will be the underwriter for the bonds, which will have a maximum maturity of 40 years.

California Sen. Dave Cortese proposed the bill as the state grapples with a shortage of affordable housing.

Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.

Medicaid cuts and tariffs are expected to pressure already struggling small rural and urban hospitals, including 18 in California that borrowed from the state.

The resignation of the troubled mass transit system's CEO gives MARTA an opportunity to improve operations and to select projects to focus on.

With Chicago-area transit's fiscal cliff looming, the area's transit agencies are searching for revenue fixes and prepping for two key milestones this fall.

The rating agency cited the MTA's congestion pricing program, ridership recovery, healthy liquidity levels, and continued state support for the higher rating.