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Moody's Investors Service lowered Roosevelt University's rating one notch to Baa3 as the Chicago-based school struggles with enrollment challenges.

The Illinois Finance Authority gave initial approval to a $120 million financing tied to the installation of an automated open payment fare collection system for the Chicago Transit Authority using a unique structure.

The Chicago BOE will refund $110 million of general obligation bonds for budget relief that will help fund the new teachers' contract inked earlier this year that ended its first strike in more than two decades.

The Minnesota Sports Facilities Authority said it expects to break ground in October on a new on a new $975 million Minnesota Vikings stadium.

Chicago's transit system needs a reliable revenue stream that provides at least $2 billion annually over multiple years, a new study warned.

Rushing to beat an end-of- year- deadline, the Iowa Fertilizer Co. will sell $1.2 billion of Midwestern Disaster Area Bonds with a mandatory tender in April that gives the company some breathing room to finalize its nitrogen fertilizer plant.

Blaylock Robert Van LLC has hired veteran public finance banker Adrienne Archia to help bolster its Midwestern business.

The Chicago Infrastructure Trust may move next month to solicit private market interest in funding energy efficient upgrades to city facilities and public schools in what would mark the not-for-profit's first project financing on behalf of the city.

Minnesota expects to close out its current budget cycle with a $1.3 billion balance but faces headwinds going into its next two-year cycle with a looming $1.1 billion deficit.

A group of Illinois House members introduced a pension reform package they hope will serve as a road map to help the state dig out from $96 billion in unfunded liabilities.

Stiff competition with the private sector put bonds issued by the Minnesota city of Monticello to build a city-owned broadband network in default.

Wisconsin expects revenue collections in the next biennium beginning in July to grow by $1.5 billion above this biennium’s collections.

Illinois Comptroller Judy Baar Topinka last week slammed a legislative proposal to borrow $4 billion to pay down the state’s mammoth bill backlog

U.S. Secretary of Energy Steven Chu along with Illinois Gov. Pat Quinn and Chicago Mayor Rahm Emmanuel unveiled plans for a next generation battery hub in suburban Chicago.

The toll of Hurricane Sandy on the Eastern Seaboard's transportation infrastructure underscores the need to fund both annual maintenance and "generational" infrastructure projects, said John Porcari of the U.S. Department of Transportation.

With Congress and the Obama administration honed in on resolving the national budget crisis and avoiding the fiscal cliff, it's unlikely the already squeezed transportation sector will avoid a hit, predicted sector specialist Jane Garvy.

Moody's has assigned an issuer credit rating of Baa1 to Presence Health, the new health care system created by the merger late last year of Resurrection Health Care and Provena Health.

The federal bankruptcy court in Chicago has signed off on a suburban Chicago retirement community's reorganization plan that relies on a $90 million bond issue to restructure its $116 million 2006 issue.

Missouri's Mercy Health saw strong retail and institutional interest on its $250 million new-money issue for capital projects -- including the replacement of its Joplin hospital destroyed by a May 2011 tornado.

The Chicago-based national organization Women in Public Finance is accepting nominations for its annual Founders' Awards through Friday.