Ratings

Two rating agencies placed a negative outlook U.S. toll roads, while others monitor risks as volumes decline as COVID-19 keeps drivers at home.

The authority, which tapped its $1 billion credit line and received a warning shot from Moody's, says COVID-19 is a disaster that requires a national response.

GLWA has the flexibility to come to market as early as this week, but is monitoring the market in light of the COVID-19 impact.

The suspension of spectator sports removes two critical revenue streams for the venue in Brooklyn, according to Moody's Investors Service.

S&P sees positives in Gov. J.B. Pritzker's proposed fiscal 2021 budget but they don't move the rating dial given a daunting bill backlog and pension strains.

The rating agency expects to resolve the rating watch evolving within the next four months.

The rating agency will await the legislature's passage of a final budget before casting a credit judgment.

Moody's Investors Service revised the outlook on Hurley Medical Center's Ba1 rating to positive from stable ahead of a $52 million sale.

Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.

The Fitch rating on the bonds, issued as part of the Midwestern Disaster Area authorization, remains deep in junk.

Moody's upgraded the revenue bonds of the largely industrial city near Los Angeles to Baa2 ahead of a $158 million refunding.

November's progressive income tax referendum looms large over Gov. J.B. Pritzker's proposed fiscal 2021 budget and the state's long-term fiscal prospects.

The $5.2 billion Buckeye Tobacco Settlement Authority deal will restructure the debt service schedule, returning the Ohio credit to investment-grade.

Fitch Ratings dropped Immaculata University, in the Philadelphia suburbs, to BB-minus from BB.

The Moody's downgrade to Baa3 for East Orange School District stems from reserve levels that have been in the red the past two years.

Fitch Ratings raised the Las Vegas suburb to BBB-minus from BB, with a stable outlook.

The market awaits Gov. J.B. Pritzker's fiscal 2021 budget proposal next month before turning to November's progressive income tax vote.

Moody's Investors Service assigned a negative outlook to the college's Baa2 rating.

Miroslava Mejia Krug is a veteran of top fiscal posts at two Chicago-area private higher education institutions.

The Palmyra-Eagle district can't dissolve, and must find a way to close a looming budget gap as its reserves and enrollment dwindle.