Nora Colomer

Officials of the art museum say the effects of Detroit's bankruptcy have impeded their efforts to build the endowment they had envisioned.

A deal this week will refinance Indiana Finance Authority lease appropriation bonds issued in 2008 for a convention center expansion project.

A new academic building for the University of Michigan is to rise on the property where construction of a bond-funded jail was abandoned.

The school is spending money in an effort to boost its image and reverse a decline in enrollment.

Cleveland Clinic's bond refunding follows a nearly $1 billion offering the system priced in April as it integrates recent Florida acquisitions.

ProMedica Health System was downgraded to Baa3 by Moody's Investors Service, which assigned a negative outlook.

The public university in Ohio is refunding lease revenue debt as it continues to deal with enrollment declines.

The state avoided a government shutdown, enacting a budget that came with over 100 line item vetoes by the Democratic governor.

The state aid will be especially helpful for cash-strapped municipalities that are already charging customers high water rates, Moody's said.

The deal allows the university to shed a master trust indenture and concentrate its debt under the University of Nebraska Facilities Corp.

Raymond James hired Paul Soma as a senior vice president. He will set up a public finance office in Traverse City.

Fitch Ratings downgraded about $5 billino of AMP project revenue bonds.

The city will hold a retail order period Wednesday for its general obligation bonds, followed by final pricing Thursday.

The college, using the state of Ohio as its conduit issuer, will price $49 million of bonds.

Charter schools' typically modest unrestricted reserves and limited operating margins leave them vulnerable if state aid stops flowing, said S&P Global Ratings.

Michigan Gov. Gretchen Whitmer, a Democrat, called the budgets approved by GOP lawmakers on Tuesday "a mess."

Mayor Karen Freeman-Wilson said the city is forging ahead with the transaction to raise money to help pay its bills.

Moody’s Investors Service citied continued operational and performance improvements for the upgrade to Baa1.

Michigan is more vulnerable because of its higher exposure to the auto manufacturer relative to other U.S. states, said Moody's Investors Service.

If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.