Illinois

Structural differences insulated Chicago bonds from the worst of the impacts of S&P's new criteria while dragging down the rating of Build Illinois debt.

The state's largest retirement fund is advancing the planned buyouts as its unfunded liabilities continue to increase.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.

S&P Global Ratings cut Build Illinois bonds after changing its criteria; the downgrade mirrors a Fitch Ratings action in May.

The deal’s underwriter cited "market conditions," confirming Chicago’s deal was placed on day-to-day status.

In addition to the local bond measures, voters will also decide seven governor's races and a Missouri fuel tax.

The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.

The muni market will see volume rise in the last week of October as buyers will be treated with a billion deal from Chicago’s Sales Tax Securitization Corp. and a $714 million offering from the Department of Los Angeles airports.

The district chopped off more than two percentage points, thanks to new state aid and pension help

The school district says fiscal gains allow it the option of going with a competitive sale on its short-term borrowing.

Financial institutions and other businesses with ties to the kingdom would face a ban on doing business with Chicago under a proposed ordinance.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.

S&P Global Ratings cautioned Chicago's leaders about issuing pension obligation bonds and avoiding a backslide on budget progress.

The city is also considering its first general obligation bond issue since 2017.

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

Bids were plentiful on the competitive deals but spreads were higher in the wake of two downgrades.

In their pleading, banks said the plaintiff is "precisely the sort of 'busybody' " that is prohibited from making such claims.

Moody's cut the rating of Oak Lawn, Illinois, to the lowest investment grade level.

Pension obligation bonds won't be in the mayor's budget plan, and rising rates are making it harder for a deal to pencil out.

The Build Illinois bonds still carry single-A to double-A ratings, even after rating cuts tied to the state's overall fiscal woes.