Illinois

Presence Health, one of the Chicago area’s largest not-for-profit systems, is under review for a downgrade as Moody’s Investors Service digs into its fiscal 2015 results.

The Chicago Transit Authority board signed off on a $1.3 billion contract for its rail that counts on a low-cost federal loan and approved the appointment of city debt manager Jeremy Fine as chief financial officer.

From a threatened teacher strike to an escalating state-level attack on its governance and borrowing powers, the barrage of bad news has not let up for junk-rated Chicago Public Schools.

Water contamination-related lawsuits filed in Chicago and Flint, Mich. stand to influence the sector nationally as the cases draw more scrutiny to the dangers associated with older lead pipe-based systems, Fitch Rating says in a new report.

Bondholders banking on the Chicago Public Schools’ ability to stabilize its rocky finances lost ground this week as the district’s labor woes intensified and lawmakers advanced an attack on its governance structure.

Chicago-based Cabrera Capital Markets LLC has hired back Brian King, a former Chicago deputy comptroller, to lead a rebuilding and expansion of its public finance business after a fresh infusion of capital.

The Illinois General Assembly’s Democratic majority failed Wednesday to override Gov. Bruce Rauner’s veto of a $721 million bill that would have provided aid for cash-starved community colleges and low income student grants.

Illinois’ latest tax revenue projections add another degree of difficulty to its already intractable budget deadlock.

Chicago-based Roosevelt University lost one of its investment grade ratings as it struggles with operating deficits driven by the strains of enrollment losses and a hefty debt load.

The Chicago Teachers Union threatened to strike as soon as next month over Chicago Public Schools' plan to phase out its coverage of teachers' pension payments.

The College of DuPage in suburban Chicago lost its remaining triple-A rating over its governance turmoil and instability.

Three of Illinois' public universities were downgraded, one to junk, as impacts from the state's almost eight-month overdue budget continue to ripple.

The University of Chicago took a hit from Standard & Poor’s, which downgraded the school to AA-minus from AA amid balance-sheet pressure and planned deficits.

The Midwest lagged the national uptick in issuance last year as the conservative region did take advantage of low interest rates to refund debt but held tight the purse strings on new money borrowing.

The spat between Illinois Gov. Bruce Rauner and the Chicago Public Schools could threaten the school district's authority to borrow, if the governor gets his way.

The Illinois Board of Education has opened an investigation of Chicago school finances, the latest sign tensions between Chicago Public Schools and Gov. Bruce Rauner.

Illinois Gov. Bruce Rauner introduced his fiscal 2017 spending plan by asking the legislature's Democratic majorities to support at least some of his policy proposals or give him sweeping powers to balance the state's books.

Legislation to fund Illinois' community college payments and student financial aid grants was delivered to Gov. Bruce Rauner's desk Tuesday.

Continuing turmoil at the College of DuPage, Ill., cost the two-year school one of its triple-A ratings as Standard & Poor's cut it two notches to AA.

Illinois elected leaders have plenty of advice about how to solve their budget problems, with no sign that they are going to take any of it.