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Mesirow Hires Senior Underwriter
September 19, 2014 Chicago-based Mesirow Financial has hired veteran bond underwriter Stephen "Jay" Murphy to bolster its municipal desk.

Moody's Affirms Field Museum's Rating
September 19, 2014 Moody's Investors Service has affirmed Chicago's Field Museum of Natural History's A2 rating as the museum seeks to improve...

Wisconsin Budget Becomes Campaign Fodder
September 18, 2014 A projected $1.8 billion gap in Wisconsin's next two-year budget has Gov. Scott Walker on the defensive as he seeks...

Trustee and Iowa College Want Pre-emptive Forbearance
September 17, 2014 The trustee for $6 million of unrated bonds issued for Iowa Wesleyan College will ask a judge to allow it to enter a...

Southeast Missouri Hospital Nears Junk
September 17, 2014 Fitch Ratings lowered Southeast Missouri Hospital Associationís ratings two levels to BBB-minus over its operating losses.

Illinois City Falls Three Rating Notches
September 17, 2014 Standard & Poor's dropped Morrison, Ill.'s limited-tax GO debt certificates three notches to the lowest investment grade level...

University of Iowa Hospitals' Rating Could Suffer Due to Capital Plans
September 16, 2014 Standard & Poor's on Friday revised its outlook on University of Iowa Hospitals and Clinics' AA rating to negative from stable...

Minnesota's Fairview Prognosis Improves
September 16, 2014 Moody's Investors Service has revised Minnesota-based Fairview Health Services' outlook on its A3 rating to positive from...

Standard & Poor's Positive on Advocate-NorthShore Merger Plan
September 15, 2014 Standard & Poor's has put the ratings of two double-A level not-for-profit health systems in Illinois, Advocate and...

Chicago Pumping More Revenue Bonds Into Market
September 15, 2014 Chicago is readying a $300 million sale for Tuesday to finance ongoing projects in a 10-year program supported by big rate...


Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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