Yvette Shields

Moody's is the second rating agency this month to bring its outlook on Illinois to stable, though all ratings remain at the lowest investment grade.

The nonprofit hospital sector gets a fiscal shot in the arm from federal actions but margins are likely to remain depressed this year.

The proposed sale has dual benefits: Trinity gets to shed the facility outside of bankruptcy and the facility would remain open quieting local critics.

The agency that provides oversight of Chicago and suburban transit boards reports healthier sales tax collections that along with December’s federal relief package nearly wipe out 2021 deficits.

The legislature's GOP-controlled Joint Finance Committee will craft a two-year capital plan after rejecting Gov. Tony Evers' $2.4 billion plan for only the second time in recent history.

Illinois Supreme Court justices offered little indication of how they lean in the case seeking to invalidate more than $14 billion of outstanding bonds.

Illinois rode the tailwinds of market demand for higher-yielding paper and its rosier fiscal picture, sending its primary market spreads to their lowest since 2014.

BJC Health System is selling $805 million of mostly refunding debt with its ratings and balance sheet intact as its manages COVID-19 pandemic wounds.

A bill backed by the Municipal Employees’ Annuity and Benefit Fund underscores the fiscal strains created by Chicago's pension underfunding.

The junk-rated school district won an upgrade and saw its secondary bond market spreads narrow as it expects to pocket about $1.8 billion in new aid.

GOP lawmakers plan to scrap some of the Democratic governor's budget priorities, which include a $2.38 billion capital plan.

S&P moved Illinois' outlook to stable from negative amid revenue numbers that beat pandemic-driven low expectations. The rating remains the lowest among states.

The Illinois attorney general and the head of conservative policy group lay out their positions next week in a case seeking to void $14 billion of state debt.

The museum is borrowing through the tax-exempt market for the first time to finance is ongoing transformation plans.

Illinois' pension crater reaches more than $300 billion under Moody's formula.

Robert "Bob" Borhart has joined the firm's finance department in Minneapolis in an of counsel role.

From the use of taxables to forward deliveries, refunding deals drove an overall 15.8% hike in Midwest bond volume that exceeded the national average.

The prominent private university will add $600 million to corporate CUSIP deal numbers that recorded a more than 200% increase last year.

Minnesota was staring at a $1.3 billion gap in its next budget cycle just a few months ago, but the new revenue and economic forecast projects a $1.6 billion surplus.

S&P said the proposed budget represents a step in the right direction but it will weigh the final budget and other developments before acting on its BBB-minus rating.