Caitlin Devitt

All three major rating agencies now have Cook County, home to Chicago, on negative outlook amid major pension obligations and other financial challenges.

Illinois has a new deputy debt director and plans to sell bonds at some point this year, according to a spokesperson for Gov. Bruce Rauner.

Ohio state Sen. Joe Schiavoni wants to ask voters for authorization to borrow up to $1 billion of bonds to finance sewer and water projects across the state.

Standard & Poor's Tuesday removed Wayne County's junk rating from Creditwatch Negative, the latest piece of good ratings news tied to the county's consent agreement with the state of Michigan.

Griggs County, N.D. is suing its own building authority to get out of lease payments supporting a controversial bond deal that sparked a recall of the entire county board.

A struggling hospital in an affluent Detroit suburb has merged with Ascension Health, the largest non-profit health care system in the country.

The budget stalemate in Illinois matters less than how the state finally decides to deal with its pension problem, Moody’s says in a new report.

Expectations of nearly $1 billion in new revenue for rebounding Michigan would not be enough to offset shortfalls if the Legislature and Gov. Rick Snyder enact a plan to rely on the general fund to finance road repairs, warns a new report.

After downgrades from all four rating agencies since May, Chicago Public Schools got a fresh warning from Moody’s on Monday that its new budget could mean more negative ratings action.

The Detroit suburb of Allen Park wants bondholders to sell back at par $31 million of bonds floated for a now-failed film studio that the city blames for a long financial decline.