Industries

Standard & Poor’s last month revised its outlook to stable from negative on Decatur Memorial Hospital’s A credit due to the restoration of profitability.

Fitch Ratings has upgraded the Northwestern Medical Faculty Foundation’s rating to A-plus from A in recognition of its sustained operating profitability and positive volume trends.

WASHINGTON — For cash-strapped state and local governments that have critical transportation infrastructure needs, but no money to pay for them, the coming year will be bittersweet.

Gary Dellaverson, chief financial officer of New York’s Metropolitan Transportation Authority, retired last week after 19 years at the agency.

WASHINGTON — The coming year could be fertile ground for public-private partnerships, especially in the transportation sector, but states and localities probably will have to go without federal help and enter deals cautiously so as not to kill public support for them, market sources say.

A Michigan state lawmaker representing Detroit introduced a bill that would establish a bond-issuing regional mass transit authority for his region.

Moody’s Investors Service last week upgraded to Aa3 from A1 debt issued on behalf of McLaren Health Care Corp., and revised the outlook to stable from positive.

Fitch Ratings last week downgraded to A from A-plus roughly $1.24 billion of debt issued on behalf of the Indianapolis Airport Authority.

CHICAGO — Redwood Capital Investments LLC’s successful bid Wednesday to acquire most of bankrupt Erickson Retirement Communities’ assets did not include the Monarch Landing, Sedgebrook, and Linden Ponds facilities so the fate of their municipal debt now becomes the focus of a new round of negotiations.

CHICAGO — Redwood Capital Investments LLC’s successful bid Wednesday to acquire most of bankrupt Erickson Retirement Communities’ assets did not include the Monarch Landing, Sedgebrook, and Linden Ponds facilities so the fate of their municipal debt now becomes the focus of a new round of negotiations.

New Jersey Gov.-elect Chris Christie will take office next month, and along with confronting high property taxes, a heavy debt burden, and the issue of encouraging shared services at the local level, the new administration will face a transportation funding spigot set to dry up by mid-2011.

The Skokie, Ill.-based health care advisory firm Kaufman Hall & Associates Inc. will close out a busy 2009 with two new partners after promoting its head of the mergers and acquisitions group, Kit Kamholz, to the senior status and earlier this year hiring former banker James Blake.

Standard & Poor's revised Newport Hospital's outlook to negative from stable last week, citing an unexpected increase in operating losses. The change affects $24.9 million of bonds issued in 1999 by the Rhode Island Health and Educational Building Corp. on behalf of the hospital. Standard & Poor's rates the debt A.

Fitch Ratings revised its outlook on New York's Metropolitan Transportation Authority's revenue bonds and dedicated tax-fund bonds to negative from stable last week.

New York Gov. David Paterson doesn't want to cut capital spending, but delaying projects may be inevitable, he said in an exclusive interview with The Bond Buyer.

Chicago's $8 billion expansion of O'Hare International Airport won a major court victory late last week that paves the way for its acquisition and relocation of a cemetery now in the path of a planned runway.

Texas Children's Hospital in Houston will open the new year by retiring $78 million of auction-rate securities almost two years after the market for that type of debt collapsed.

After staying out of a multi-state refinancing in March, the New Jersey Health Care Facilities Financing Authority will refund early next year up to $150 million of Catholic Health East debt after the health care provider and the authority reached agreement on collateral postings for derivatives.

Kentucky Gov. Steve Beshear announced late last week the sale of $100 million of grant anticipation revenue vehicle bonds for the Ohio River Bridge Project.

Arkansas Gov. Mike Beebe last week shot down a proposal to shift a portion of sales tax revenues to highway projects before a transportation financing committee had a chance to suggest the move.