Ratings

The rating pains of Illinois' public universities took a turn for the worse.

S&P Global Ratings said it has revised its outlook on Virginia's general obligation, appropriation-backed, and moral obligation debt to negative from stable.

The majority of California redevelopment agencies rated by Fitch saw upgrades.

New Jersey is meeting expectations to maintain an A rating from Fitch.

Seven Illinois public universities with more than $2 billion in rated debt face a rating review.

Fitch upgraded Children's Hospital Medical Center of Akron.

West Virginia Gov. Jim Justice likened the fiscal 2018 budget passed by the legislature to a “death certificate,” as he vetoed the spending plan.

Citing good management with "strong" financial policies and practices, a major agency recently reaffirmed the city's AAA bond rating, which lets Newburyport buy bonds at lower interest rates.

Citizens Property Insurance Corp. in Florida posted a $27 million loss in 2016 stemming from what it calls abusive “assignment of benefit” claims and litigation, which are being reviewed by the Legislature.

Successful St. Louis and Kansas City tax and bond measures support their credit profiles.

The termination of a casino revenue-sharing agreement with the Seneca Nation of Indians is a credit negative for Niagara Falls, according to Moody’s Investors Service.

Moody’s Investors Service downgraded $13 billion in Puerto Rico bonds on Wednesday, citing increasing pessimism about recoveries on the bonds.

East Texas Medical Center, one of the largest healthcare providers in the region, slipped two notches to B3 from B1 on the Moody's Investors Service as prospects for default.

The New Jersey Municipal Qualified Bond Act program, New Jersey County College Enhancement Bond Program, and New Jersey School Bond Reserve Act program were all downgraded in connection with the recent downgrade of the state government.