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The board has identified more than 110 out of 490 local units of government as having an underfunded pension plan or retirement health care plan — or both.
August 1 -
S&P is the second ratings service to warn of possible downgrade because of the system's growing debt burden.
July 30 -
The county anticipates pricing for the week of Aug. 6th.
July 27 -
Bank director Sarah Riordan said the alleged misconduct did not involve any bond funds.
July 27 -
The Ohio-based operator is acquiring the operations of HCR ManorCare.
July 25 -
The school district scaled down its original proposal for a capital bond referendum and operating referendum.
July 25 -
The measure was the latest in a series of proposals that have been shot down because of divisions between county leaders.
July 20 -
The clinic will privately place the debt with buyers internationally and in the U.S.
July 17 -
MSU plans to issue roughly $784 million of bonds, $450 million of which will be used to cover settlement costs from the sexual abuse scandal involving Larry Nassar.
July 12 -
Barring legislative intervention, the district can't issue debt to cover the $500 million in repair costs.
July 11 -
DTE Electric Co. is seeking a $537 million reduction in its taxable value, possibly threatening the county's credit rating.
July 9 -
American Municipal Power is planning a $97 million tax-exempt project revenue bond sale.
July 6 -
The release of Highland Park School District in Wayne County marks the first time since 2000 that no local entity is in the oversight program.
June 27 -
Michigan State University's credit fundamentals will be the deciding factor when it sells bonds to fund the settlement, say market observers.
June 27 -
The junk-rated city is eyeing a return to market without a state backstop, but there is no timeline.
June 26 -
McLaren will also sell some tax-exempt debt to refinance floating-rate notes.
June 18 -
S&P said there was a one-in-three chance that it could raise Allen Park's rating by multiple notches over the next year.
June 15 -
The county's last junk bond rating was erased with a two-notch Moody's upgrade to Baa2.
June 15 -
The budget has become a bone of contention between the mayor and city council members.
June 14 -
The spending plan heads to Gov. Rick Snyder for his expected signature.
June 13
