Illinois

Ascension's acquisition of Presence Health brings double-A ratings to the previously triple-B-minus debt of Presence.

Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

The second Illinois municipality stung by new state pension intercept rules has settled with its firefighters' fund.

The three agencies that rate Illinois are watching to see how well assumptions in the budget play out during the fiscal year.

The Illinois Municipal Retirement Fund's new power to intercept Harvey's pool of state revenues complicates settlement efforts with the city's public safety funds.

Riverdale, Illinois, will leverage its share of state income tax taxes with a junk-rated deal.

A judge signed off Thursday on the city's interim settlement with its police and fire pension funds,

After the passage of a $38.5 million budget for fiscal 2019, what’s next for Illinois? Yvette Shields, The Bond Buyer’s Midwest Bureau Chief, drills down to look at some of the problems the state still faces and the prognosis for the post-election atmosphere. Chip Barnett hosts.

An overhaul trimmed $7 billion from the fund's pension liability, but an $11.7 billion liability remains.

Municipal analysts see the holes in the spending plan, but secondary market traders reacted positively.

Illinois Gov. Bruce Rauner and lawmakers acknowledged much work remains to be done to put the state on sounder fiscal footing.

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.

Any change to the spending flexibility among governmental units that results from the court decision is likely to be incremental, according to Fitch.

Moody's Investors Service issued a sobering take on the state's liabilities as lawmakers celebrated passage of an on-time budget.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

Gov. Bruce Rauner said he will sign the budget state lawmakers approved Thursday.

The legislation would empower the state treasurer to buy up to $2 billion in vouchers for bills the state has not paid.

What's in the next Illinois budget is more important to S&P Global Ratings than whether it is passed soon.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.

The rating agency said its new criteria only support a rating two notches higher than the state's BBB.