Illinois

The Illinois Institute of Technology is at risk of losing its investment grade rating after a negative outlook revision.

Former Illinois budget director Tim Nuding has landed at the Illinois Health and Hospital Association.

The Chicago Transit Authority hits the market as soon as Tuesday with $325 million of sales tax receipts revenue bonds under a new second lien.

The harmful effects of a repeal of the federal Affordable Care Act without a replacement package to soften the blow would extend beyond hospitals to lllinois' economy, according to the state hospital association.

The Illinois State Toll Highway Authority heads into the New Year with a $1.7 billion budget that includes $300 million of borrowing to finance projects in the sixth year of its $12 billion, 15-year capital program.

Illinois is losing its budget director, Tim Nuding.

Full repeal of the Affordable Care Act may cut hospital revenue by close to $400 billion over the next 10 years, putting pressure on healthcare bond ratings and state and local budgets.

Chicago returns to the market in January with a $1.14 billion general obligation deal that should benefit from the stabilization of three of its bond ratings.

An Illinois school district under federal scrutiny for its past misuse of bond proceeds saw its rating fall to junk as Moody’s Investors Service lowered the Lincoln-Way Community High School District 210 one notch to Ba1.

Lured by opinions and ratings endorsing its bankruptcy-remote structure and a still steep yield penalty, investors snapped up Chicago Public Schools’ A-rated capital improvement tax bonds.

Plans to upgrade Chicago’s streetlamp system are advancing with the launch of a public lighting demonstration ahead of a deadline early next year for final submissions from shortlisted private partners.

The Illinois Regional Transportation Authority Thursday will consider a $3 billion operating budget and $5.1 billion five-year capital plan that boosts spending next year but still falls far short of its needs as a new state capital program languishes amid the ongoing budget impasse.

Illinois’ passage of a rate hike package to help keep open Exelon Generation Co. LLC’s nuclear plants in the state is a credit positive for the company, Moody’s Investors Service said.

With legal opinions endorsing the bankruptcy-remote structure of its next deal, and an A rating in hand, Chicago Public Schools’ new tax-revenue backed credit has a clear path to market access, though yield penalties will remain.

Chicago Public Schools is readying its inaugural sale under a new dedicated capital improvement tax structure crafted to convince investors that bond repayment is insulated from both the district's operating struggles and the threat of Chapter 9.

The University of Chicago Harris School of Public Policy named former Chicago chief financial officer Lois Scott as the inaugural chair of the advisory board that oversees its expanding Center for Municipal Finance.

Illinois Gov. Bruce Rauner and the General Assembly’s Democratic leadership headed toward the New Year with a budget impasse still hanging over the state, after the annual veto session ended amid deepening political rancor.

Energy-producing states affected by two years of deterioration in natural resource prices can expect continued global headwinds to pressure revenues, according to Fitch Ratings.

Chicago Mayor Rahm Emanuel scored a major legislative victory with the state House’s overwhelming bipartisan approval of legislation designed to stave off looming insolvency for two of the city’s pension funds.

Illinois Gov. Bruce Rauner vetoed legislation that would give Chicago Public Schools $215 million toward pension contributions, a move that potentially slaps the cash-strapped district with a big budget hole to fill.