Ratings

The Miami metro area saw the most private-sector job growth among all metro areas in the state in June and year-over-year.

Fitch raised Michigan's general obligation rating one notch to AA-plus.

Genesee County and Flint supported the bonds issued to finance construction of a pipeline with the county ultimately on the hook.

Fitch Ratings said the upgrade reflects the city's improved operating performance due to a robust tax revenue rebound and management's proactive budgetary actions.

S&P raised the outlook to positive for St. Louis Lambert's general credit and Chicago O'Hare's customer facility charge credit.

The Long Island county has scheduled a competitive sale Tuesday for $241 million of Series 2022A tax-exempt general obligation improvement bonds.

Fitch Ratings revised the outlook on Sacramento City Unified School District's BBB-plus issuer default rating to stable from negative.

Rating agencies like Gov. Gavin Newsom's focus on one-time spending, but warn that the Legislature could upset the applecart by creating ongoing programs.

The mammoth Sacramento-based health system experienced ratings downgrades in 2021 under the threat of multiple lawsuits, seismic costs and COVID-19 challenges.

An April COVID hospitalization surge, along with a continuing labor shortage and inflationary and supply chain costs, hurt hospitals' bottom line.

The rating agency said the action reflects significant progress the state has made restoring its financial reserves and liquidity in recent years.

Elected officials in Republican-dominated states say S&P Global Ratings, by introducing ESG analysis, is politicizing the ratings process or even possibly acting illegally.

The Regional Transportation Authority, Chicago Transit Authority and many state universities have drawn positive rating actions as the state's ratings improved.

Fitch Ratings revised its outlook on the city's AA-minus rating to positive ahead of a $1.08 billion general obligation bond sale.

The Illinois Sports Facilities Authority's hotel taxes are on the rebound but Chicago is on the hook for a $28 million debt service gap this year.

The Metropolitan Pier and Exposition Authority will take higher ratings linked to the state's recent upgrades when it returns to the market to refinance debt.

The special district formed for the Walt Disney Company in Florida is to be dissolved under a new state law driven by Gov. Ron DeSantis.

S&P followed Fitch and Moody's in raising the state's ratings but the upgrades so far haven't halted the state's spread widening amid market turmoil.

Illinois' latest upgrade is its fourth over the last year and moves its general obligation rating three notches away from the cusp of junk, where it once sat.

Moody's upgraded five Illinois public universities after lifting the state government's rating, lifting one to investment grade and putting three others closer.