Nora Colomer

Construction delays and related payment risks on an Indiana public-private partnership highway project prompted Fitch Ratings to drop bonds issued for the project three notches to B.

The Michigan Finance Authority hits the market Wednesday with a top-rated $300 million new money and refunding under its clean water revenue bond program.

Public finance veteran Kevin Smith started his job as Highland Park, Mich., school district's next emergency manger Friday.

Detroit will get a fourth round of federal funding for its ongoing blight demolition program after a suspension due to procedural errors.

Indianapolis received a one-notch downgrade from Moody’s on $410 million of moral obligation debt as the rating agency implements a new methodology.

Wayne County, Michigan was released from state oversight but expensive challenges remain, said county executive Warren Evans .

Reforms of Michigan’s emergency manager law were among the policy changes recommended in a report by a special state legislative committee formed to examine the Flint water crisis.

Indiana’s Citizens Energy Group heads into the market with a $49 million refunding of natural gas utility bonds bolstered by an upgrade from S&P Global Ratings.

Oaklawn Hospital in Calhoun County, Michigan plans to convert its variable rate paper to fixed-rate debt in an upcoming $74 million hospital revenue bond refunding.

Ohio became the latest bond issuer to suspend doing business with Wells Fargo & Co. over its phony accounts scandal.

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.