Yvette Shields

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.

Illinois local governments, especially school districts, are faring better than their Pennsylvania counterparts during their respective state’s budget impasse, Moody’s Investors Service says.

Chicago Mayor Rahm Emanuel’s 2016 budget and record property tax hike to pay for public safety pensions easily cleared the City Council Wednesday.

Chicago City Council members cast their vote Wednesday on Mayor Rahm Emanuel’s nearly $8 billion 2016 budget that relies on a record property tax hike billed as the needed fix for the city’s pension mess that’s behind its plummeting credit.

Despite last week’s downgrades, Illinois’ general obligation paper fares better than New Jersey for relative credit risk, Municipal Market Analytics said in a commentary comparing the two lowest-rated states.

Six of Illinois’ eight public universities took a fresh credit blow from Moody’s Investors Service with downgrades stemming from exposure to the state’s fiscal strains and its budget crisis.

The Chicago Park District’s AA-plus Standard & Poor's rating won’t change solely because of a new legal challenge launched against its pension reforms.

The developers of a $2.8 billion Indiana fertilizer plant will remarket $1.26 billion of debt as they continue trying to finalize project details they have to nail down before they can roll the securities into a long-term structure.

The Michigan Senate will begin reviewing the $1.2 billion transportation plan passed by the House the week of Oct. 26.

St. Louis-based retail stalwart Edward Jones will drop its negotiated public finance underwriting business at the end of the year.

Illinois took its second credit blow this week when Moody’s Investors Service dropped the state’s general obligation debt into the triple-B category Thursday as the state’s prospects for tackling its budget and pension mess dim amid the four-month-old budget stalemate.