Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.
Congress should direct more COVID-19 relief dollars to higher ridership systems, think tank Regional Plan Association said.
The mass transit authority cannot tap the Municipal Liquidity Facility directly, chief financial officer Robert Foran said.
One of the nation’s largest transportation borrowers issued its first bond disclosure about the fiscal impacts from the COVID-19 pandemic.
Fitch follows Moody's in revising the Empire State's debt to negative from stable.
New York’s new state budget provides flexibility to deal with near-term revenue hits from COVID-19, but it has little bandwidth to withstand a deep recession.
More federal rescue moves are necessary for the nation’s largest mass transit system, according to the advocacy group Reinvent Albany.
Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.
The bi-state transportation agency's executive director, Rick Cotton, recovered from virus than three weeks after testing positive.
The rapid spread of COVID-19 creates a great deal of uncertainty about the well-being of U.S. colleges and universities.