Caitlin Devitt

Moody’s Investors Service last week downgraded to A2 from A1 its rating on Elkhart General Hospital, affecting $86.6 million of bonds.

Troy, Mich.-based based investment firm Leonard & Co. said this week it has named Gregory Baracy to the position of public finance director at Leonard Capital Markets, the firm’s investment banking division.

North Dakota has a new credit-enhancement program aimed at boosting ratings for small school districts, many of which need to borrow to accommodate growing enrollment due to the state's oil boom.

As expected, Ohio and Virginia were both forced to dip into reserve funds to cover their Dec. 1 interest payments on more than $7.2 billion of tobacco bonds.

Moody's Investors Service put Detroit's already junk-rated unlimited tax general obligation bonds and $4.6 billion of A1-rated water and sewer debt on review for possible downgrade.

Moody’s Investors Service put Detroit’s already junk-rated unlimited tax general obligation bonds and $4.6 billion of A1-rated water and sewer debt on review for possible downgrade.

Fitch Ratings downgraded Michigan's largest county to BBB-plus from A-minus, warning that it will take years for it to overcome deficits amid a weak economy.

CHICAGO — Indiana got an unexpected $288 million budget boost after detecting a computer programming error that failed to transfer revenue to the state's general fund, Gov. Mitch Daniels announced Tuesday.

North Dakota public finance officials will halt all local general obligation bond deals conducted through the state starting Jan. 1 for at least the next six months as they await the outcome of a controversial measure to abolish property taxes.

The privatization of the Ohio Turnpike would likely be a positive for debt holders, Moody’s Investors Service said in a market comment this week.

Moody’s Investors Service last week dropped Taylor’s general obligation limited-tax rating three notches to Baa3 from A3.

Michigan Gov. Rick Snyder last week appointed a seven-member review team to examine Inkster’s finances after a preliminary review found evidence of fiscal stress.

Detroit, which is edging closer to a state takeover, could be on the hook for hundreds of millions in termination fees tied to its derivatives contracts on more than $2.5 billion of outstanding debt if the state appoints an emergency manager.

Detroit, which is edging closer to a state takeover, could be on the hook for hundreds of millions in termination fees tied to its derivatives contracts on more than $2.5 billion of outstanding debt if the state appoints an emergency manager.

The Michigan Senate Thursday approved legislation that would make Michigan the third state to issue bonds to repay federal loans for unemployment benefits.

Michigan Gov. Rick Snyder is expected to announce a review of Detroit's finances — the first step toward a possible state takeover.

CHICAGO — Blaming a bad housing market and the failure to reach an agreement with bondholders, an Ohio senior-living facility that missed its most recent debt-service payments filed for Chapter 11 protection last week.

CHICAGO — Michigan Gov. Rick Snyder Tuesday announced the appointment of an emergency financial manager for Flint, finalizing the state's takeover of the struggling city.

CHICAGO — Michigan Gov. Rick Snyder Tuesday announced the appointment of an emergency financial manager for Flint, finalizing the state's takeover of the struggling city.

Moody's Investors Service last week affirmed its Baa1 rating on Summa Health System in Ohio.