Nora Colomer

Cincinnati Earns Upgrade Ahead of Sale

The Great Lakes Water Authority achieved $309 million in net cash flow savings on the refunding piece of in its inaugural $1.33 billion deal, the agency said Friday.

Michigan’s Wayne State University has struck a $1.4 billion, 40-year public-private partnership that will allow it bypass the capital markets to upgrade its housing stock and retire debt.

The city of Wayne, Mich. was dropped lower into junk territory by Moody's Investors Service as it remains on the brink of running out of money with no solution in hand to relieve its fiscal stress after the state declined to intervene.

The Indianapolis City-County Council approved a $1.1 billion budget for fiscal 2017 that includes a $200 million infrastructure plan that would be partially funded by future bonding.

Wayne County, Michigan says it’s made sufficient gains in balancing its books and is ready to exit a state consent agreement.

A Michigan-based senior housing developer and operator is borrowing $69.3 million of unrated tax exempt and taxable bonds to finance projects in Waterville, Ohio, and Chesterton, Ind.

A group of Detroit retirees may ask the full appellate court to consider its failed appeal aimed at restoring pension cuts imposed as part of Detroit’s Chapter 9 restructuring.

The Great Lakes Water Authority will make its market debut next week with $1.3 billion of new money and refunding bonds, boosted by two new rating upgrades.

Wayne County, Michigan’s rating is inching closer to investment grade, progress that should help with plans to borrow as much as $200 million to complete its stalled jail project in downtown Detroit.