Ratings

Moody's downgraded the 417-bed Claremont Properties project to Caa2.

Chicago fared poorly in a Moody's report about the nation's largest cities and Illinois continues to stand out for budget stress and pension liabilities.

Fitch Ratings raised Hawaii to AA-plus from AA.

A steep decline in school district reserves drove a two-notch downgrade and has drawn a subpoena from the Securities and Exchange Commission.

The county's recovery plan improved its structural balance and long-term liability profile, Fitch Ratings said in support of its two-notch rating boost.

Rating agencies affirmed Chicago's GOratings and the first report also out on the new junior lien Sales Tax Securitization Corp. credit.

Chicago Public Schools long climb back to investment grade continues

The Metropolitan Pier and Exposition Authority, restored to investment grade by S&P Global Ratings last year, plans to sell a total of $923 million.

The upgrade reflects the city's improved operating environment and structural financial improvement, the rating agency said.

Moody's Investors Service raised the outlook to positive from stable on Palomar Health's junk-rated revenue bonds and investment grade general obligation debt.