Ratings

The labor deal with teachers to end an 11-school-day strike puts pressure on Chicago Public Schools in the out years, say FItch and S&P.

Moody's Investors Service upgraded $1.2 billion of general obligation bonds to Aa1 from Aa2.

Competitive pricing and speed convinced the owners of the Carlsbad, California, plant to use a taxable bank loan instead of tax-exempt debt.

The authority is slated to issue $41.9 million of revenue refunding bonds in a competitive deal Thursday.

Mayor Lori Lightfoot needs to achieve her 2022 target of structurally balancing the city’s books to preserve Chicago's BBB-plus rating, S&P said.

State Treasurer Randy McDaniel said the state’s efforts to increase reserves, eliminate structural deficits, improve pension finances, and diversify the state’s economy are working.

ProMedica Health System was downgraded to Baa3 by Moody's Investors Service, which assigned a negative outlook.

Taxable bonds will replace interim financing that funded land acquisition for the plant, which may not match the vision that drew state and local subsidies.

The agencies aren't concerned about the ongoing strike, but the final contract will determine if Chicago Public Schools continues its slow rating progress.

S&P Global Ratings revised to positive from stable the outlook on its BBB-plus rating for the long-troubled city on the Delaware River.

California's largest-ever competitive taxable deal, which followed two upgrades, drew 10 or more bidders for each tranche.

Moody's lifted California to Aa2 ahead of plans to sell $1.1 billion of general obligation bonds.

Fitch raised the airport's rating by one notch to A, citing rising traffic levels and robust financial metrics.

Moody's Investors Service cut OSF Healthcare System to A3 from A2.

The rating agency upgraded the hospital system to Aa2 from Aa3.

Spending and economic strains loom as challenges for the state government, S&P Global Ratings’ Carol Spain said in a recent presentation.

Fitch Ratings upgraded the district to BB-plus from BB-minus.

Fitch Ratings downgraded about $5 billino of AMP project revenue bonds.

Moody’s Investors Service placed Rochester’s Aa3 issuer and general obligation limited tax rating on review for downgrade.

Reports from S&P Global Ratings and Moody's Investors Service highlight fiscal strains Chicago, Illinois and some local governments face.