Illinois

Lombard sold $3.9 million of unrated GOs in its first market test after reneging on a pledge to support bonds sold to fund a hotel.

Alton still needs a long-term public safety pension funding solution, S&P Global Ratings said as it downgraded the city.

New Illinois measures help without attacking the state's real budget problems, according to Moody's Investors Service.

The Chicago suburb will sell $3.9 million of GOs in its first bond market appearance after allowing hotel project bonds to default.

Thefirefighters' pension fund says Chicago shorted it $3.3 million, and wants to use an Illinois law to intercept state grant funds.

The authority hasn't sold bonds since 2010.

A $10 billion POB deal would be a tougher sell now that Rahm Emanuel has said he won't seek another term.

Bondholders are going after the city, county officials, and a court-appointed water receiver to ensure future payments.

The Securities and Exchange Commission has sent letters to the 12 top banks and broker-dealers that remarket variable rate demand obligations, seeking information and documents on their remarketing and rate resetting practices.

Dominick Mondi will remain president of the firm's capital markets division.

The median net pension liability in the nation’s 15 largest cities jumped 16% on a per capita basis in fiscal 2017, S&P Global Ratings said Wednesday.

The University of Chicago is refinancing some debt with future plans for new money

Mayor Rahm Emanuel on Tuesday said he will not seek re-election next year.

The Midwest's public and private universities are straining to deal with enrollment losses.

Bond lawyers will recognize the late Jim Lebenthal and Lewis Horne with awards next month, as well as Virginia "Gigi" Benjamin.

Other bills signed by Gov. Bruce Rauner include one to support a PACE clean energy financing program.

Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

The Rahm Emanuel administration told aldermen that a POB could save $6 billion and ease future tax and fee hikes.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

Illinois offered top yields to draw strong demand for its $966 million general obligation refunding.