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The system took two rating hits over its rising debt levels and strained balance sheet metrics as it readies a $354 million borrowing.

S&P issued a bulletin Monday warning that pressure is mounting on Illinois' BBB-minus rating —the lowest investment grade — as federal relief remains stalled.

Details of the pending investigation are sketchy but the legislation improved the value of a then-bankrupt FirstEnergy subsidiary's municipal bonds.

Gov. J.B. Pritzker warns of thousands of layoffs across illinois governments and a $1 billion hit to education funding if the federal government does provide relief.

With its ratings intact as it navigates the pandemic's impact, the large Illinois system is issuing new money and refunding bonds

Potential fiscal fallout from the police killing of George Floyd and the pandemic's economic strains brought a negative outlook to the city's AAA S&P rating.

The city's full-court press on investors includes a webinar to replace pre-COVID-19 investor luncheons and one-on-one calls ahead of the $1.24 billion deal.

Northwestern Memorial HealthCare and Palos Health are the latest Midwest systems exploring a merger.

The county has so far prevailed in legal arguments that it is not responsible for making up revenue shortfalls on shopping center bonds.

Chicago Mayor Lori Lightfoot announced several modest replacement programs Thursday with an eye toward expansion in the coming years.

The student housing and academic facility that serves the University of Illinois Chicago campus opened in August.

Municipal Market Analytics' view of Chicago's bonds turns further south as the city looks to solve a deep budget hole.

The Minnesota Management and Budget commissioner is moving to the University of Minnesota after a decade with the state, and his MMB predecessor replaces him.

Chicago Mayor Lori Lightfoot's administration is weighing more debt refinancing, layoffs and tax hikes to fully close the budget gap

St. Louis and Indianapolis are both eyeing debt financings to expand their convention centers.

The refinancings will ease near-term debt service pressures as pledged tax revenue tumbles and convention center business remains halted with uncertain near-term prospects.

The Chicago Board of Education warns of tough spending decisions ahead if the federal government doesn't act on a new stimulus/relief package.

A Missouri appellate court agreed with a lower court that the county's pledge in financing agreements isn't a legally enforceable promise to make up debt service shortfalls

Michigan now pegs its three year coronavirus-related revenue losses at $5 billion but cautions that much remains unknown heading into 2021.

The region's municipal bond issuers borrowed $40.4 billion during the first half of the year as record low rates more than tripled refunding activity.