Yvette Shields

S&P Global Ratings dropped Western Illinois University two notches to BBB-minus, citing the state's prolonged budget mess.

Wisconsin is taking advantage of record low interest rates with about $915 million of general obligation and appropriation-backed bond refundings. Credit: Adobe Stock

Chicago isn’t on the “brink” of a financial collapse that could drive a default or bankruptcy but its pension fixes to date fall far short of stabilizing the city’s fiscal foundation, an analyst said.

With all governmental approvals and ratings in hand, Detroit expects to be in the market soon with its first post-Chapter 9 general obligation state distributive aid backed borrowing.

A court ruling Thursday offered a mixed outcome for Chicago’s effort to phase out most retiree healthcare subsidies.

Chicago plans to sell up to $3.5 billion of O’Hare International Airport debt later this year to generate refunding savings and fund a new runway and gate expansion.

Columbus enters the market Thursday with $481 million of high-grade paper to fund capital projects as it prepares to go to voters this November for new bonding authority to keep pace with capital needs.

A Michigan board has authorized key pieces of the $617 million restructuring of the Detroit Public Schools amid lingering market questions over the fate of the district's bonds.

Katten Muchin Rosenman LLP is hosting a reception Thursday to honor the memory of bond lawyer and public finance banker George Pitt who died in March.

Chicago-based Presence Health Network will issue nearly $1 billion of bonds next week in a sale designed to overhaul its debt portfolio and provide some breathing room to help stabilize its balance sheet.

Junk-rated Chicago Public Schools is using risky assumptions in its efforts to erase a $1 billion deficit, S&P Global Ratings said as it extended its CreditWatch on the district.

Chicago’s O’Hare International Airport will get new gates and ultimately could see an aging terminal demolished and rebuilt to serve as a central hub under initiatives formally unveiled by Mayor Rahm Emanuel Friday.

Illinois will spend $2.5 billion more then it expects to collect in the coming months, putting it on course to end December with a bill backlog of $10 billion, the state comptroller warned.

The junk-rated Chicago school district plans to return to the municipal bond market to raise funds for needed capital work, the district’s leader said.

The private operator of partially bond-financed rail-freight transfer facility would provide most of the funding for a new toll bridge under a public-private agreement struck with Illinois.

The long-term principal and interest payment schedule for Chicago's general obligation debt swelled by about $1.7 billion last year, according to the city's comprehensive annual financial report.

Negotiations continue on a proposed restructuring of $190 million of debt Lombard, Illinois issued for a hotel and conference center, amid a fresh default.

A judge is expected to rule this month on Chicago's latest effort to quash a lawsuit filed by retired city employees who want to preserve their healthcare subsidies.

Chicago’s first mistake in its much-maligned parking meter lease was its choice of asset, says a new report that compares the city’s P3 deal to the Indiana Toll Road.

Southern Illinois University took a second rating hit over the strain of managing through the state’s prolonged budget gridlock.