Caitlin Devitt

Indianapolis won triple-A ratings on its stormwater bonds as it gears up for a $300 million capital plan.

Moody's upgraded Michigan one notch on Friday, citing an improved financial profile, just days after S&P boosted its outlook on the state to positive.

Cook County, Il. won rare praise from a ratings agency Thursday when Moody’s Investors Service said a new sales tax increase to pay off pensions is a credit positive.

Standard & Poor’s said Thursday that its junk ratings on Wayne County, Mich. will remain unchanged for now despite the declaration of a financial emergency.

Michigan Gov. Rick Snyder declared Wayne County, home of Detroit, to be in a financial emergency, just one day after a state review team made the recommendation.

The Detroit suburb of Allen Park is considering tendering $31 million of troubled bonds that have led to general fund deficits, a state takeover and federal securities fraud charges.

Burleigh County, N.D., is gearing up for the issuance of $90 million of sales-tax backed bonds to finance a new jail.

The Detroit City Council Tuesday voted to raise water and sewer rates, reversing an earlier vote that city and state officials had warned could bring additional state oversight down on the city.

Even as it stepped closer to a Michigan state takeover, Wayne County's county's chief executive said the struggling government would not travel down the same path as its largest city, Detroit.

Standard & Poor’s Tuesday raised its outlook on Michigan’s AA-minus rating to positive from stable.