Yvette Shields

Standard & Poor’s is warning Chicago that analysts are watching to see how the city copes with a potentially bigger pension payment should its push for state relief falter.

The Regional Transportation Authority of Illinois kicks off the New Year with a rare new money borrowing as it looks to avoid state-related credit fallout.

With a fresh default on debt service looming, Lombard, Ill., wants bondholders to buy into a proposed restructuring of its $190 million of hotel/conference center debt.

Moody's Investors Service has placed the ratings of eleven local government credits in Indiana and Ohio on review with the rating direction uncertain as analysts await updated financial data from the group.

Standard & Poor's dropped Michigan Public Power Agency's AMP Fremont Energy Center project revenue bonds one notch to BBB due to the weakened operations of some cities that participate in the project.

Michigan Gov. Rick Snyder is transitioning the city of Lincoln Park back to local control from state-imposed emergency management.

Illinois returns to the market in January with a $480 million bond deal after a 20-month absence during which its ratings fell and its unpaid bill backlog skyrocketed, and with a state budget six months overdue.

The Chicago Public Schools’ cash crisis triggered a new downgrade that market participants say could scare off some buyers and further drive up its already steep spread premiums.

The Federal Trade Commission has moved to block the proposed merger of Illinois-based Advocate Health Care and NorthShore University Health System citing to anti-competition concerns.

A Wisconsin town has won back its investment grade rating after renegotiating direct purchase contracts with its banks.

The Illinois State Toll Highway Authority board signed off on a 2016 Budget that counts on $1.3 billion in revenues for maintenance, operations, debt service, and capital costs.

The Minneapolis-St. Paul Metropolitan Airports Commission won an upgrade of its subordinate bond credit after a new review.

The Chicago Board of Education voted to move ahead with two borrowing items to help keep the struggling Chicago Public Schools afloat.

The College of DuPage, Ill. board chairwoman Kathy Hamilton, who spearheaded reform efforts that also led to the ouster of the college president and the school’s finance team, abruptly resigned.

Indiana would build a new $120 million bond-financed mental health facility in what Gov. Mike Pence’s administration is billing as an affordable option that will usher in a new model of care

The junk-rated Chicago Public Schools, on track to run out of cash next month, will add $120 million to its delayed $1 billion bond sale and dip into a new credit line for another $130 million.

Long-term pressures continue to weigh on Detroit’s recovery, a year after the city emerged from bankruptcy with a healthier balance sheet.

Chicago Teachers’ Union members overwhelming authorized a strike in a vote taken last week.

Illinois’ release of motor fuel tax, gambling, and emergency surcharge revenues to local governments is a positive credit move for municipalities, says Moody’s Investors Service.

The Metropolitan St. Louis Sewer District board signed off on a rate hike and sending a $900 million bonding authorization to voters on the April 5 ballot.