Ratings

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.

Hartford's council authorized an agreement for the state to pay the city's debt over two decades while accepting state oversight.

Moody's boosted the university to A1, an event that may have been overshadowed by the men's basketball team's Final Four run.

The city has underfunded pensions and plans to increase spending to support its school district.

Reno's ratings raised to A-plus with an economic boost from tech companies.

Democratic challenger J.B. Pritzker will take on Republican incumbent Bruce Rauner.

Lombard's failure to honor its appropriation pledge cost bondholders dearly in a hotel project bankruptcy.

The authority is selling revenue variable rate refunding bonds.