Illinois

"In the coming weeks, we will be taking a much closer look at the challenges we face and how we will address those challenges reasonably and responsibly," said Mayor Brandon Johnson.

The authority approved $1.3 billion in conduit financings at its meeting Tuesday.

"As an investor I'm not looking at the activity of the stadium as the security," said an Illinois sports authority bondholder of potential exits by the White Sox and Chicago Bears.

The settlement, which hinged on a successful exchange of old bonds for fresh debt, resolves long-running investor litigation.

The rating agency cited the Illinois county's accumulated reserves, as well as required pension contributions for the move.

Issuers in the Midwest sold $32.6 billion of debt spread over 1,223 deals in the first half, down from $40.5 billion a year earlier.

July's total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, the smallest percentage drop in monthly issuance year-over-year in 2023, according to Refinitiv data.

Her prolific coverage and willingness to share knowledge with local reporters brought transparency and accountability to Midwest public finance.

In addition to her professionalism there was a more important aspect that defined Yvette. She was simply a nice person. Always upbeat, helpful and kind.

The proposed exchange — which extends the final maturity date by two decades but offers features like a tax levy with a direct intercept and trust estate — is the cornerstone of the consent agreement the city struck with a group of 2007 bondholders