Illinois

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.

Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.

The investment bank attributed the exit of 15 from the public finance team to market conditions and a strategic review.

Water, wastewater, and securitization deals, and possibly an O'Hare airport sale, are still to come from Chicago this year.

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

The Chicago Fed National Activity Index rose to 0.34 in April from a revised 0.32 in March, the Federal Reserve Bank of Chicago reported on Monday.

The Illinois city's revenue bondholders want any legal settlement to prioritize their claim over those of pension funds.

The district priced debt Thursday at narrower spreads than it faced in a November sale.

Illinois Gov. Bruce Rauner submitted a capital appropriation for the project this week.

Public transit agencies have a $90 billion backlog of maintenance, repair and modernization projects.

Two rating agencies put Presence Health's low-investment grade ratings on watch for upgrades.

The district is promoting structural protections and fiscal gains as it prepares to go to market with a $260 million refunding.

The Illinois pension intercept law could pose rating strain but also force funding discipline over long term, according to S&P Global Ratings.

School districts and the Chicago Civic Federation slammed Gov. Bruce Rauner's budget plan Wednesday.

The flat state income tax rate is embedded in the state constitution.

The Harvey, Illinois, fiscal crisis highlights bondholder risks posed by pension underfunding, Moody's says.

The Illinois hospital nonprofit faces a rating cut to junk if merger plans fall apart.

Conning is holding firm to its declining outlook on states' credit quality, though S&P sees some rays of sunshine.