Nora Colomer

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.

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.

Ohio-based American Municipal Power Inc. received a one-notch upgrade from Moody’s Investors Service as it prepares to come to market with a $206 million issue that includes designated “green” bonds.

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.

Indiana will receive an upfront payment of $50 million under terms of a proposed deal to lease the state’s communications infrastructure, including its existing cell towers, to a Canton, Ohio –based private operator.

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.

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.

Illinois’ failure to pass a full budget for a second consecutive fiscal year is likely to widen the state’s operating fund deficit and exacerbate liquidity pressure on the state’ credit position, says Moody’s Investors Service.

Michigan’s economy has continued to improve without helping the fiscal health of the state’s local governments, according to a new University of Michigan report on the state’s local governments.

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.

Southwest Ohio’s largest healthcare provider capitalized on the low interest rate environment last week to save on the debt of four hospitals it now operates as one obligated group.

East Cleveland’s plan to avert bankruptcy by merging with neighbor Cleveland is back to the drawing board after terms were rejected by the Cleveland City Council.

Michigan's Wayne State University expects to return to the bond market to raise up to $14 million for the new business school for which it broke ground last month.

Detroit-based law firm Clark Hill is expanding its public finance reach in Michigan with the acquisition of competitor Axe & Ecklund.

The Gary/Chicago International Airport Authority may seek another round of bond funding after a year that saw operations increase following the expansion of its main runway.

The city of Wayne, Michigan lost its investment grade rating amid struggles to erase red ink and faces further credit erosion as it veers toward state oversight.

Michigan needs to increase funding to adequately meet the state’s education needs, a new research report warns.

A $70 million injection of private capital from local philanthropists will boost Kalamazoo, Michigan, said Moody’s Investors Service.

Bonds issued for a P3 highway project in Indiana were downgraded to junk following construction delays and payment disputes among contractors.

The Southeast Michigan Regional Transit Authority failed to secure enough votes to put a 20-year transportation millage on the Nov. 8 ballot in a vote taken this week.