Yvette Shields

Fitch Ratings has upgraded the Northwestern Medical Faculty Foundation’s rating to A-plus from A in recognition of its sustained operating profitability and positive volume trends.

CHICAGO — Chicago-based Women in Public Finance will recognize three industry professionals — a rating agency analyst, the deceased founder of a prominent financial advisory firm, and the deputy treasurer of California — at its annual awards reception later this month.

CHICAGO — Redwood Capital Investments LLC’s successful bid Wednesday to acquire most of bankrupt Erickson Retirement Communities’ assets did not include the Monarch Landing, Sedgebrook, and Linden Ponds facilities so the fate of their municipal debt now becomes the focus of a new round of negotiations.

CHICAGO — Redwood Capital Investments LLC’s successful bid Wednesday to acquire most of bankrupt Erickson Retirement Communities’ assets did not include the Monarch Landing, Sedgebrook, and Linden Ponds facilities so the fate of their municipal debt now becomes the focus of a new round of negotiations.

The Skokie, Ill.-based health care advisory firm Kaufman Hall & Associates Inc. will close out a busy 2009 with two new partners after promoting its head of the mergers and acquisitions group, Kit Kamholz, to the senior status and earlier this year hiring former banker James Blake.

Chicago's $8 billion expansion of O'Hare International Airport won a major court victory late last week that paves the way for its acquisition and relocation of a cemetery now in the path of a planned runway.

Ohio Gov. Ted Strickland last week signed a bipartisan agreement that avoids dramatic school funding cuts by delaying a 4.2% income tax cut to help plug an $850 million budget shortfall in education funding.

The St. Louis County Council earlier this week approved putting a half-cent sales tax increase for the Metro transit agency on the April ballot.

Missouri's top credit benefits from its economic diversity, good financial management, strong reserves, and a low debt burden, according to a new report from Standard & Poor's.

Moody's Investors Service downgraded Jackson County's implied general obligation rating one notch to Aa3 and warned of further action by assigning a negative outlook due to the county's fiscal challenges.

The Metropolitan Sports Facilities Commission last week announced a proposal with a price tag of $870 million to reconfigure its Hubert H. Humphrey Metrodome to suit the National Football League's Minnesota Vikings.

Seeking to cement its foothold on Midwestern business, the New Jersey-based financial advisory firm Acacia Financial Group has opened a Chicago office and hired veteran public finance banker Courtney Shea to lead the firm's efforts in Illinois.

Six potential buyers were invited to participate in a second round of bidding that could lead to the sale of the smaller of two downtown St. Louis convention center hotels owned by bondholders.

The Regional Transportation Authority early next month will issue $179 million of general obligation bonds under its deal with Illinois aimed at freeing up capital funds to help close a fiscal 2010 budget gap at the Chicago Transit Authority without a fare hike.

Fitch Ratings this week dropped by two notches to A-minus its rating on the Illinois Sports Facilities Authority's $398 million issue from 2001 for the renovation of Chicago's Soldier Field stadium, the latest downgrade resulting from the state's credit problems.

Milwaukee yesterday sold $12 million of its planned $50 million qualified school construction bond issue for the Milwaukee Public Schools, putting the remainder off until next year, when it will use a negotiated sale.

Fitch Ratings recently downgraded the Howard Bend Levee District's 2005 debt to BBB from A-minus.

Fitch Ratings revised its outlook on Olmsted Medical Center's BBB-minus rating to positive from stable due to positive operating margins and an improved balance sheet. Analysts expect continued improvements even with the upcoming issuance of $20 million of new debt.

A local government fiscal watchdog group last week endorsed the Metropolitan Water Reclamation District of Greater Chicago's proposed $1.7 billion fiscal 2010 budget, calling it a "prudent response to revenue shortfalls."

Illinois Gov. Pat Quinn this week unveiled plans aimed at spurring jobs that include increasing access to start-up capital and expanding job training programs.