Ratings

With competing party-line legislative budgets, a rebuke of both by the governor and a worsening deficit projection, the state is careening toward more fiscal turmoil and further backlash from Wall Street.

Pushing off painful decisions tanked Illinois' ratings while California reaped spread and rating benefits from better choices.

With more than 100 structures closed recently due to potential safety risks, Moody's said the state’s deteriorating infrastructure is credit negative.

New Jersey's third-most-populous city retains a junk Ba1 underling rating, but Moody's boosted its outlook to stable.

S&P Global Ratings still has the district well inside junk-bond territory at a B rating.

Hartford Mayor Luke Bronin struck a guardedly optimistic tone as he released a $567.3 million budget plan.

The launch of the new website came shortly after a second upgrade to investment grade.

The Volunteer State lowered the savings threshold it requires for a refunding.

The rating actions came after the state agreed to assume the city's GO debt.

Fitch said Chicago's modernization plans may not protect O'Hare against rating pressures as debt levels swell.

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Though the legal setback is "harmful" to the Chicago Park District's plan to increase pension funding, it doesn't cause a budgetary crisis, S&P said.

The city's issuer rating from Moody's Investors Service remains mired in speculative-grade territory.

Alum Rock Union Elementary still faces challenges from probes into alleged fiscal mismanagement.

Michigan State University is seeing the first credit fallout from the sexual abuse scandal involving former university and Olympic gymnastics doctor Larry Nassar.

The largest not-for-profit health systems in Illinois and Wisconsin have cleared all regulatory hurdles to the merger.

Proponents call the move the right medicine for ailing Connecticut, while opponents say the measures are overly restrictive.

Kroll, making its first official foray into the sovereign bond sector, gave the United States of America its top grade.

Moody's took action on four Ohio colleges, which still benefit from a state enhancement program that Moody’s affirmed at Aa2.

State government credit support will bring the junk-rated city's coming taxable bond sale up to investment grade.