Yvette Shields

Michigan’s recent adoption of a $1.2 billion road funding package was labeled a positive credit factor for the state’s transportation revenue bonds by Moody’s Investors Service.

Missouri has turned east to New Hampshire for a new head of transportation.

Investors holding about $27 million of bonds issued for a failed sucralose plant in Moberly, Missouri have reached settlements with the financial firms they sued in state court, weeks after a federal class-action case was settled.

Allen Park, Mich. received a positive review from Standard & Poor's for its advancing efforts to shed some its troublesome $26.3 million of debt issued for a failed film studio, with an upgrade for the still speculative-grade credit.

Wisconsin heads into the market Monday with $42 million of environmental improvement fund revenue bonds that mark its inaugural outing under a new triple-A rated credit expected to benefit both the state and pool borrowers.

Standard & Poor's revised its outlook on the Iowa Board of Regents' University of Iowa Hospitals and Clinics to stable from negative after a decision to trim capital spending.

Moody's Investors Service dropped Minnesota-based Amherst H. Wilder Foundation's rating by two levels to A3 over its fiscal struggles that have led to endowment draws.

Concerns over the size of Cook County, Ill.'s sales tax hike to shore up pensions overshadows other accomplishments in board President Toni Preckwinkle's proposed budget, the Civic Federation of Chicago said.

Voters across the Midwest elected new leaders, embraced the borrowing pleas of some school districts while nixing others, and rejected a controversial marijuana initiative in one state.

Illinois Gov. Bruce Rauner hired financial advisory specialist Kelly Hutchinson from the firm A.C. Advisory to manage its debt as capital markets director.

Michigan Gov. Rick Snyder said he will sign a $1.2 billion road funding package that cleared the legislature late Tuesday after months of fits and starts during ongoing negotiations.

Chicago’s passage of a record tax hike to help stabilize its public safety pension funds has fueled further tightening of the city’s general obligation trading levels in recent days, Municipal Market Analytics says.

Chicago squares off in the Illinois Supreme Court Nov. 17 with unions and pension fund members challenging the overhaul of its municipal and laborers' pension funds.

The Indiana Finance Authority's chief financial and chief operating officer, Dan Huge, will take the helm of the agency that serves as the state's borrowing arm.

Moody's Investors Service is taking a positive view of Springfield, Ill's water, light and power utility's $500 million debt restructuring as a stabilizing influence on its credit profile

The Illinois Teachers' Retirement System's total unfunded pension obligations worsened slightly in the last fiscal year, to $62.7 billion from $61.5 billion.

Fitch Ratings and Kroll Bond Rating Agency see the Chicago City Council’s passage of a record property tax as a good step toward stabilizing the city’s finances, though they say plenty of concerns remain.

The nation's largest not-for-profit healthcare system — Ascension Health — will acquire the much smaller and lower-rated Wheaton Franciscan Healthcare's southeastern Wisconsin facilities.

While Illinois’ falling ratings doesn’t post much default risk, investors should tread cautiously with the credit due to headline risks that could cut the value of their holdings, that’s the assessment offered from one buyside participant.

Standard & Poor’s said Chicago Mayor Rahm Emanuel's recently adopted tax hike to fund pensions is just one step in the city's long road to financial stability.