Caitlin Devitt

Detroit Mayor Dave Bing chose Cleveland-based law firm Jones Day to serve as counsel for the city's restructuring plan.

Indiana University Health, one of the state's largest health care providers, announced this week it is taking "a step back" on a planned new patient tower that carried a price tag as high as $500 million.

Former Detroit Mayor Kwame Kilpatrick headed straight to jail Monday just hours after a jury found him guilty of 24 counts in a months-long federal corruption trial.

S&P and Fitch Ratings this week held conference calls to detail the criteria driving their BBB ratings on Tuesday's sale of $641M of private activity bonds that will finance what is one of the only publicly rated public-private partnerships that features an availability-payment structure.

Standard & Poor's last week downgraded its rating to B-minus from B on the Detroit suburb of Allen Park, a once-wealthy city that is now under emergency management, due in part to $31 million of bonds issued for a failed film studio.

The Cincinnati City Council Wednesday narrowly approved a controversial plan to lease the city's parking system for an upfront payment to offset a budget shortfall - but a judge almost immediately issued an injunction to halt the deal.

Detroit Mayor Dave Bing said Wednesday he would not fight the state's plan to appoint an emergency financial manager to take over the city, just an hour after the city council formally requested a hearing to appeal the appointment.

The Ohio House last Thursday passed legislation that would allow the state to issue $1.5 billion of bonds backed by a new Ohio Turnpike credit.

Fitch Ratings last week affirmed its B rating on Midland University and revised its outlook to stable.

A new casino that opened Monday in Cincinnati, Ohio is expected to pressure nearby riverboat casinos in southeast Indiana, Moody's Investors Service said.

Indiana embarks on its first public-private partnership that is structured with availability payments next week as it borrows $641 million of private activity bonds for its half of the $2.6 billion, bi-state Ohio River Bridges project.

Michigan Gov. Rick Snyder's historic decision Friday to take over the city of Detroit bodes well for the credit and for other local distressed governments, muni experts said, even as Snyder warned that all creditors might take have to take a loss.

Michigan Gov. Rick Snyder Friday announced that the long-suffering city of Detroit was in a state of financial emergency, paving the way for a full state takeover within two weeks.

Long-time Chicago public finance veteran Tariq Malhance is stepping down as Cook County's CFO, and the current deputy CFO, Ivan Samstein, is expected to take over the top finance spot.

South Dakota comes to market Thursday with $171 million of refunding tobacco bonds to finance education across the state amid ongoing uncertainty in the high-yield sector.

Mike Duggan, the former CEO of the Detroit Medical Center and a former Wayne County prosecutor, was expected Tuesday night to make official his mayoral bid, as the threat of a state takeover looms.

Moody's Investors Service affirmed its A1 rating on the city of Canton, Ohio and removed the negative outlook.

Detroit Mayor Dave Bing announced last week that deputy mayor Kirk Lewis left the administration for a job in the private sector.

Citizens Energy Group, which bought Indianapolis' water and sewer system in 2011, is asking the state regulatory commission for rate increases to finance $560 million in capital improvements.

The long-struggling city of Flint, which has been under emergency management for more than a year, is selling nearly $60 million of speculative-grade bonds on behalf of Hurley Medical Center, a city owned facility that serves as the local safety net provider.