Illinois

Chicago Public Schools long climb back to investment grade continues

Mayor Lori Lightfoot's first budget cleared the City Council on a 39-11 vote.

The Metropolitan Pier and Exposition Authority, restored to investment grade by S&P Global Ratings last year, plans to sell a total of $923 million.

Preston Hollow is fighting Nuveen's attempt to reopen a trial record in the private lender's lawsuit accusing the investment powerhouse of anti-competitive tactics.

The budget was balanced without tax or fee hikes but rising uncompensated healthcare costs are expected to strain the county's finances.

The decision comes as the courts told the city it's on the hook to make up the roughly 2% shortfall in property tax collections to fully cover set payments.

The Finance Committee signed off on bond refinancing and revenue packages that are key to the 2020 budget, paving the way for a full city council vote.

Baird has hired underwriting specialist Bryan Derdenger to launch a Chicago-based desk

The two firms hope the more formal union will pave the way for an expansion of products and services and the speed by which they go to clients.

Nuveen and Preston Hollow Capital trade barbs over PHC's recent sale of university debt