Nora Colomer

Severe declines in oil and gas prices that have damaged the economy Williston, N.D. led Moody’s Investors Service to downgrade the Bakken Shale city to speculative grade.

Michigan is prepping its first general obligation bond issue of 2016 amid growing uncertainty about the long-term impacts on the state’s credit from Flint’s water contamination crisis and the financial plight of the Detroit Public Schools.

Ohio is issuing $80 million of capital facilities lease-appropriation bonds to fund parks and recreation improvement projects.

A bill to provide nearly $50 million in state funding to keep Detroit Public Schools open until the end of the school year is headed to the state Senate after clearing the House Thursday.

Michigan Gov. Rick Snyder believes the $232 million he’s asked of state lawmakers will be enough to deal with the Flint water crisis, but rating agency Standard & Poor’s showed doubts, removing the state’s positive rating outlook.

Detroit Public Schools got some positive news on Wednesday by way of nearly $50 million of emergency funding that cleared a House committee Wednesday.

The Indiana Finance Authority plans to issue more than $100 million of state revolving fund bonds that will sell with a green bond designation.

The inaction of local, state, and federal authorities in Flint took center stage during the second congressional hearing on the Flint water crisis.

Voter approval of two property tax millage requests from the junk-rated Pontiac City School District should aid its fiscal recovery efforts by raising fresh funds for capital and relieving pressures on its general fund, Moody’s Investors Service says.

Ohio-based American Municipal Power Inc.’s planned launch of three additional hydroelectric units on the Ohio River in March and April are positive developments for its credit and the municipal electric utilities it serves, according to Moody’s Investor Service.