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Gov. Kathy Hochul's "pause" on congestion pricing puts a $16.5 billion hole in the Metropolitan Transportation Authority's capital plan.
July 1 -
The low-investment-grade offering for a high-profile public private partnership stood out in a crowded airport sector.
June 24 -
The county hopes one-time revenues will help it "live to fight another day" as it awaits a state-assisted financial plan.
June 17 -
Even after paring down the capital plan, the MTA will need to issue debt, and sooner than planned. It will be issued under the MTA's transportation revenue credit rather than its congestion pricing credit, so near-term debt service costs will be higher, CEO Janno Lieber said.
June 11 -
Her abrupt suspension of the tolling plan for Lower Manhattan leaves a $15 billion hole in the Metropolitan Transportation Authority's capital budget.
June 10 -
Falling occupancy figures, staffing shortages, and rising labor costs have elevated the sector's risk, with Greenwich Investment Management's bankruptcy yet another example of how the sector requires thorough credit analysis.
June 4 -
Connecticut's GO deal is expected to benefit from its improving fiscal reputation, embodied in two rating outlook revisions to positive ahead of the pricing.
June 3 -
Like many higher education institutions, the university's financial woes started when enrollment dropped thanks to the COVID-19 pandemic.
May 24 -
More than two dozen issuers have announced plans to refund their BABs this year, despite objections from investors.
May 22 -
Signature Bank owned nearly $15 billion of mortgages across four of New York's five boroughs, making it the largest lender to rent-regulated housing in the city.
May 22