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The already junk-rated bonds of a P3 highway project in Indiana received a downgrade from another rating agency as payment disputes among contractors reached a new level.
By Nora ColomerSeptember 14 - Michigan
Detroit Public Schools' $212 million of state aid-backed bonds slipped two to three notches further into junk territory over uncertainty tied to the bonds' security after a restructuring of the school district.
By Nora ColomerSeptember 14 - Ohio
Ohio-based American Municipal Power Inc. received a one-notch upgrade from Moodys Investors Service as it prepares to come to market with a $206 million issue that includes designated green bonds.
By Nora ColomerSeptember 13 -
Detroit-based Henry Ford Health System, one of the largest healthcare systems in Southeast Michigan, hits the market with an $821 million refunding next week sporting an upgrade from one rating agency and a positive outlook shift from another.
By Nora ColomerSeptember 8 -
Indiana will receive an upfront payment of $50 million under terms of a proposed deal to lease the states communications infrastructure, including its existing cell towers, to a Canton, Ohio based private operator.
By Nora ColomerSeptember 7 -
Indiana State University heads into the market Wednesday with an $82 million issue, a portion of which will fund renovations to its health and human service building.
By Nora ColomerSeptember 6 - Indiana
The utility serving Indianapolis and Marion County is headed into the market with $234 million of wastewater revenue bonds -- including debt it will designate as green bonds.
By Nora ColomerSeptember 2 - Illinois
Illinois failure to pass a full budget for a second consecutive fiscal year is likely to widen the states operating fund deficit and exacerbate liquidity pressure on the state credit position, says Moodys Investors Service.
By Nora ColomerAugust 31 - Michigan
Michigans economy has continued to improve without helping the fiscal health of the states local governments, according to a new University of Michigan report on the states local governments.
By Nora ColomerAugust 30 - Illinois
Chicago got its first good rating news after announcing funding plans for the city's municipal and laborers pension funds, as Fitch Ratings revised its outlook on the city's rating to stable from negative.
By Nora ColomerAugust 30