Illinois

If the deal closes, the two systems say they will evaluate existing debt structures and combine credits where possible and beneficial.

The Illinois Sports Facilities Authority's hotel taxes are on the rebound but Chicago is on the hook for a $28 million debt service gap this year.

The Metropolitan Pier and Exposition Authority will take higher ratings linked to the state's recent upgrades when it returns to the market to refinance debt.

S&P followed Fitch and Moody's in raising the state's ratings but the upgrades so far haven't halted the state's spread widening amid market turmoil.

Chicago Mayor Lori Lightfoot chose a $1.7 billion proposal from Bally's over two rival plans as the city looks to casino gambling as a new source of revenue.

Illinois' latest upgrade is its fourth over the last year and moves its general obligation rating three notches away from the cusp of junk, where it once sat.

Joliet closed on two federal WIFIA loans that mark a milestone in the the city's plans to overhaul its water infrastructure.

Ammar Rizki, CFO of the nation's most populous county, is leaving for the Obama Foundation, which is building the Obama presidential library on Chicago's South Side.

Moody's upgraded five Illinois public universities after lifting the state government's rating, lifting one to investment grade and putting three others closer.

Illinois expects to sell about $1 billion of new-money general obligation debt but the deal could grow if market conditions permit savings on a refunding piece.