Illinois

S&P said the downgrade is the result of what is likely a one-off analytic error in 2005; the bonds in question are held by Fannie Mae and have never traded.

Chicago's chief financial officer said the city must consider all options given the magnitude of the pandemic in the absence of federal relief for lost revenue.

S&P issued a bulletin Monday warning that pressure is mounting on Illinois' BBB-minus rating —the lowest investment grade — as federal relief remains stalled.

Voters will consider bond issues in three states and a number of tax measures, according to the National Conference of State Legislatures.

The student housing and academic facility that serves the University of Illinois Chicago campus opened in August.

Chicago Mayor Lori Lightfoot's administration is weighing more debt refinancing, layoffs and tax hikes to fully close the budget gap

The Chicago Board of Education warns of tough spending decisions ahead if the federal government doesn't act on a new stimulus/relief package.

The CTA heads into the market with an amended budget and warnings about the coronavirus pandemic's impact on its budget without a new infusion of federal aid.

Mayor Lori Lightfoot's administration isn't giving much hint as to how the city will pay for a plan to replace lead water service lines.

The coronavirus adds to the fiscal challenges facing the already junk-rated school district, which is the nation's third-largest.

Under a court-approved consent decree, the impoverished south Chicago suburb will keep 90% of pledged tax revenues as it works on a debt restructuring.

Moody's Investors Service says the appellate court decision could impede the state government's flexibility in dealing with coronavirus-driven budget woes.

The coronavirus is adding to strains bearing down on the city that serves as home to Southern Illinois University's flagship campus.

The Illinois Public Pension Fund Association says POBs could offer a potential fix for some but some market participants urge caution due to POBs' perils.

The Metropolitan Pier and Exposition Authority named underwriters and a team to sell up to $200 million of bonds to manage pandemic-driven revenue losses.

Casino tax legislation is “credit positive” for the city, Moody's said; Fitch downgraded ratings for Chicago water, sewer and school district revenue bonds.

The bond-financed Chicago-area hotel and conference center remains shuttered as a result of the coronavirus health crisis.

Illinois paper is trading at tighter spreads than it did amid the original coronavirus surge, though they remain much higher than in February.

Already stung by a 2020 revenue hit of nearly $300 million this year, Cook County sees more budget pain related to the pandemic ahead

The state's flagship university returns to the market after S&P Global Ratings improved its rating outlook and Moody's Investors Service lowered it.