Nora Colomer

Ohio-based Mercy Health’s ailing collections process and the winding down of its affiliated insurance company – both of which have cut into operating profits -- drove Fitch Ratings to revise the system’s outlook to negative

Allen Park, Michigan is readying a conversion of $16.7 million of debt from a short-term to a long-term structure in a move designed to help it climb back toward investment-grade territory after a disastrous venture into a movie studio.

South Dakota won a second triple-A rating as Fitch Ratings upgraded the state to AAA citing ample reserve balances and history of maintaining budgetary balance.

Detroit plans to refund more than $600 million of general obligation bonds for savings in a deal that would mark its first GO sale since exiting its historic Chapter 9 in late 2014.

The University of Michigan will sell $300 million of high grade commercial paper next week to fund ongoing capital projects and refund debt.

Wayne County, Michigan's fiscal progress landed it a positive ratings credit outlook from S&P Global Services that brings it closer to returning to investment grade.

Moody's Investors Service downgraded Mercy Health, Ohio's largest not-for-profit healthcare system, to A2 from A1

Michigan lawmakers finalized a controversial Detroit Public Schools restructuring package that is supposed to rescue the struggling system from insolvency.

In better financial health, Inkster, Mich., will earn its release from a state-mandated emergency consent agreement by the end of the month.

Citizens Energy Group – which manages central Indiana’s water system – heads into the market with a $70 million revenue bond issue accompanied by upgrades from two rating agencies.

Exelon Corp.’s plan to shutter two of its Illinois based reactors is “bad news” for the state and several local communities, says Moody’s Investors Service.

Warren Evans, County Executive of Wayne County, Michigan, plans to use proceeds of the county’s wastewater treatment center on pension debt.

Utica Community Schools in Macomb County, Michigan, suffered a three-notch downgrade as declining enrollment takes its toll on the district’s books.

Oil price volatility continues to take a toll on bond ratings in Williston, North Dakota, where S & P Global Ratings lowered its rating on $44.5 million of public safety sales tax revenue bonds.

The Regional Transit Authority of Southeast Michigan plans to ask voters in Wayne, Oakland, Macomb and Washtenaw counties to approve a 1.5 mill property tax increase for improved transit .

Michigan’s struggling cities won’t be able to reverse their declining fiscal health if they continue to depend on the state’s faulty revenue sharing system, the Michigan Municipal League said in a report.

Wayne County, Mich. County Executive Warren Evans has said he intends to make the bid to end the county’s emergency consent agreement by the end of 2016.

Michigan’s Republican legislative leaders and Gov. Rick Snyder have settled on a budget framework that cuts funding for a proposed state water infrastructure fund to offset dwindling tax revenue while leaving intact $165 million in proposed aid for Flint.

Smaller Ohio governments would enjoy easier bond market access at lower costs through a state bond bank, say supporters of legislation that is advancing in the state legislature.

Bridgeport-Spaulding Community School District and New Haven Community Schools have manageable fiscal stress and will not require emergency management.