Caitlin Devitt

Of the 140 creditors challenging Detroit’s eligibility for bankruptcy, not one was a bondholder or bond insurer, who learned “an object lesson from Stockton,” according to bond attorneys.

Michigan lawmakers are taking a fresh look at a long-stalled plan to raise $1.2 billion in new money for the state's transportation infrastructure.

Indianapolis plans to borrow $135 million to finance a citywide infrastructure campaign through 2016, Mayor Greg Ballard announced last week.

Creditors opposed to Detroit's bankruptcy petition face a midnight deadline today to file their objections to the plan, while firms fighting the city's one and only settlement gear up for a Wednesday hearing.

The prestigious Cleveland Clinic announced Wednesday it plans to team up with another Ohio health provider, marking the latest merger transforming the Ohio hospital landscape.

Moody's Investors Service Thursday downgraded the Pontiac City School District to Caa1 from B3 -- a junk rating that reflects expected bondholder loss -- two days after Michigan Gov. Rick Snyder determined the district was in a financial emergency.

After the third Michigan issuer pulled a bond deal from a market grappling with Detroit's bankruptcy, a spokesman for Gov. Rick Snyder said the governor is aware of investor concerns, but says the state remains filled with "smart, sound" bond investments.

The former chief of the Detroit Medical Center and the Wayne County sheriff will face off in November to be Detroit's mayor, a post that will hold little power until late 2014 at the earliest.

Oakland County, Mich., the triple-A rated county adjacent to Detroit, is plowing ahead with a $300 million taxable retiree health care bond issue set for September as other Michigan issuers shy away from a market still digesting Detroit's bankruptcy.

A second Michigan government is delaying its bond sale amid concerns over fallout from Detroit's bankruptcy.

Indiana last week announced a shortlist of four firms that will compete for a chance to partner with the state on a $400 million interstate highway project.

Detroit emergency manager Kevyn Orr has hired Christie's Appraisals to appraise the collection of the Detroit Institute of Arts.

The Pontiac City School District located outside Detroit stepped closer to a state takeover Friday when a state review team declared it to be in a state of financial emergency.

Detroit expects to file a final plan of adjustment by the end of the year, months ahead of a proposed March deadline, attorneys for the city told the federal judge overseeing the bankruptcy case.

The federal judge overseeing Detroit's bankruptcy case may weigh in this morning on the city's one and only creditor settlement, which terminates a series of interest-rate swaps hedging its pension certificates.

Moody's Investors Service Thursday downgraded Wayne County, Mich., which includes Detroit, to Baa3, the lowest investment-grade rating.

A new analysis from Morningstar weighs in on the debate over the size of Detroit's pension liability, suggesting that current pension fund assumptions fall mostly within accepted industry standards.

Genesee County, Mich. reportedly pulled a $54 million water and sewer bond deal Thursday due to lack of investor interest in the bonds.

Any credit with Detroit in its name can expect to take a hit in the market, but for the Detroit Metropolitan Airport, the so-called Michigan penalty is nothing new, says CFO Terry Teifer.

The federal bankruptcy judge overseeing Detroit filed Tuesday an eight-month schedule of key hearings ahead of a March deadline for the city to file its final plan of adjustment.