Yvette Shields

Chicago's top-rated sales tax credit took a three notch blow over the city's budget and pension strains.

Ohio Gov. John Kasich's signing of legislation that partially restores an expiring school funding revenue source is a credit positive for 75 school districts, Moody's Investors Service said.

Standard & Poor's stripped Ohio-based Alliance Community Hospital of its investment grade rating based on revised stand-alone, acute-care hospital criteria.

Cleveland Hopkins International Airport’s $60 million of ongoing terminal and parking projects are on time and on budget, airport officials told the City Council in a progress report Nov. 18.

Standard & Poor's has revised its outlook to positive on Whiting, Wis.'s BBB-minus rating citing new practices in place to ensure it will keeps up to date on debt service payments.

Cook County’s plan to veer from state law and make an actuarial-based pension contribution offers a “novel approach” that could shape public pension funding debate in Illinois, Fitch Ratings says.

The municipal market’s buyside views Chicago’s pension reform appeal before the Illinois Supreme Court as a longshot and wants the city to come up with an alternative.

Cook County, Illinois board President Toni Preckwinkle defended its newly approved $4.5 billion 2016 budget, which relies on several tax hikes, as a “responsible” plan to meet county’s pension and budget needs.

The Chicago City Council adopted new rules governing any future asset privatization deals against a backdrop of lingering political and public anger over the city’s parking meter lease fiasco.

Standard & Poor’s dropped its threat to lower charter school -- Detroit Community Schools’ -- already speculative grade rating after receiving sufficient financial information to hold the rating steady at B-minus.

The fate of Chicago’s overhaul of two of its four pension funds now rests with the seven justices of the Illinois Supreme Court.

The Illinois State Toll Highway Authority is highlighting to investors its double-A ratings and fiscal strength as it prices a $400 million deal against a backdrop of two recent downgrades to Illinois state general obligation bonds.

Chicago-based Mesirow Financial has hired veteran infrastructure banker and public-private partnership specialist Walter Kulakowski in its New York office.

Illinois Gov. Bruce Rauner’s budget summit with legislative leaders is being pushed back two weeks as the state’s bill backlog climbs and its credit ratings remain under threat.

A consortium of Canadian pension funds will take over the lease rights to the Chicago Skyway toll road for $2.8 billion.

Moody’s Investors Service has revised the University of Chicago Medical Center's outlook to stable from negative thanks to two years of stronger operating margins.

Illinois’ unfunded pension obligations worsened slightly in fiscal 2015 while the funded ratio showed modest improvement, according to the Civic Federation of Chicago.

Stepping into the state budget fray, the Illinois Finance Authority expects to soon finalize a $115 million state moral-obligation backed financing to speed up overdue payments for essential goods and services.

Detroit-based Henry Ford Health System will acquire Allegiance Health, a union that offers benefits for both in what marks the latest in an ongoing wave of healthcare consolidations.

Chicago’s water enterprise credit was removed from Fitch Ratings’ negative watch list in recognition of its resolution of liquidity strains tied to downgrades that triggered defaults on bank contracts.