Illinois

The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.

Chicago school officials pledged to open on time after Labor Day.

The lockbox provision could allow issuers to borrow at higher ratings, but may punish existing bondholders.

The Illinois governor says he will use his amendatory veto powers to shift some Chicago school aid to other districts.

Among those affected by the EnerVest collapse are public pension funds in Texas, Colorado, Illinois, New Mexico, California and Florida.

The Chicago-based investment banking firm said Tuesday it will drop its municipal sales, trading, and underwriting business.

Fitch took Illinois off negative watch, while keeping a negative outlook on its BBB rating.

Chicago Transit Authority highlighted the direct flow of federal grants ahead of its refunding deal

The end of the two-year budget drought in Illinois is a mixed bag for “downstream” credits.

City of Geneseo, Ill., residents may have noticed their recent tax bill was higher than anticipated because a bond error resulted in $320,050 more being collected than intended.

Rating pressures eased on the healthcare system's low investment grade rating.

Chicago is expected to take advantage of the new debt vehicle authorized in the Illinois budget.

The end of a two-year old budget impasse led S&P to affirm Illinois and assign a stable outlook.

While working on two bond sales and finalizing a new budget, Cook County, Ill. is eyeing layoffs.

S&P Global Ratings said it affirmed its BBB-minus rating on Illinois' general obligation bonds, and the BB-plus ratings on the state's appropriation-backed debt, which includes Chicago's outstanding motor fuel tax (MFT) revenue bonds.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

There are times when there is no better alternative to a tax increase.

Chicago Public Schools borrowed $500 million after doubling the size of its GO offering.

After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.

Breaking a record two-year budget impasse drove a dramatic easing of Illinois' spread penalties.