Illinois

Moody's Investors Service has downgraded Illinois-based Presence Health's rating one level to Baa2 due to ongoing operating pressures.

Chicago is awaiting word by a Monday deadline for Gov. Pat Quinn to act on legislation approved this spring overhauling two of the city's struggling pension funds.

The Chicago Park District is headed into the market with a $208 million new-money, refunding, and restructuring sale that helps lay the ground work for covering higher future pension contributions.

The Illinois General Assembly's failure to extend the 2011 income tax hike ahead of its partial expiration next year could negatively pressure the state's already weak credit rating, Moody's Investors Service warned.

While a new budget took center stage, Illinois lawmakers also capped their recent session with an expansion of infrastructure programs and passage of an overhaul for some Chicago pensions.

Local Michigan general obligation bonds and Chicago debt represent pockets of risk in an otherwise-improving municipal bond market, Charles Schwab said Friday.

A bill to overhaul Cook County troubled pension funds died in the Illinois House on Friday, the same day that Fitch Ratings revised its outlook on the county's forest district to negative, due chiefly to pension challenges.

Illinois lawmakers wrapped up their spring session with passage of a new $1.1 billion capital plan for transportation projects and a $35.7 billion operating budget that relies on -one time fiscal maneuvers.

Moody's Investors Service revised its outlook on Illinois Wesleyan University's Baa1 rating to positive due to its improved operating performance.

A power generating unit at the mostly bond-financed Prairie State Energy Campus in Illinois was damaged but the operating company said it should come back online by summer.

Illinois' expected passage of a compromise budget that doesn't extend an expiring income tax hike and relies on one-shots to avoid deep cuts won't sit well with investors or rating agencies, market participants said Wednesday.

A last-minute measure to overhaul Cook County, Ill.'s troubled pension system sailed through the state Senate Tuesday just hours after it was introduced, and now heads to the House.

The Illinois General Assembly entered the final week of its spring session with the Democratic leadership focused on a budget that doesn’t rely on revenue from an expiring tax hike but also lacks deep cuts rejected by the House last week.

Chicago hits the market Thursday with $784 million of new-money and refunding Midway Airport bonds that will nearly wrap up a restructuring aimed at strengthening its debt portfolio.

The Illinois House heads into its final week at an impasse over a fiscal 2015 budget after rejecting on Friday a budget stripped of more than $3 billion of income tax revenue.

The president and chief executive officer of the company that operates a controversial mostly bond-financed Midwestern coal plant has resigned and a national search for a replacement is planned.

Illinois Gov. Pat Quinn's plan to make an expiring income tax permanent has just a little more than half the votes needed to clear the Illinois House with the clock ticking on the legislative session.

Illinois Gov. Pat Quinn lacks the House votes needed to win approval of his plan to make an expiring tax increase permanent, despite a lengthy lobbying session with fellow Democrats.

Illinois lawmakers head into their final two-week stretch, and Illinois Gov. Pat Quinn plans to press his case with House Democrats for making an expiring temporary income tax permanent.

The boards of two Illinois-based systems — Cadence Health and Northwestern Memorial HealthCare — on Thursday agreed to join forces.