Illinois

S&P dropped the the nation's second-most-populous county — one of many Illinois governments struggling with retirement plan funding — to A-plus from AA-minus.

The last-ditch attempt to settle Preston Hollow Capital's lawsuit against Nuveen failed this week.

Martin Arrick, a managing director at S&P Ratings and its longtime not-for-profit healthcare group leader, will retire on Jan. 15.

Chicago is coming to market next week with its $1.3 billion debt refinancing.

The Lincoln-Way high school district won a Moody's upgrade to Baa2 ahead of a $23 million refinancing deal.

New state funds mean the authority heads into 2020 with a stronger fiscal hand to manage capital and operating needs for at least the next five years.

Illinois residents will experience stop-and-go deja vu next year, with many construction projects continuing from years past.

Latest local government, pension-related downgrade in Illinois comes as local public safety pension consolidation now underway

Decision on mediation comes after judge warned he was close to rendering an opinion likely to favor Preston Hollow Capital

Fitch Ratings revised the outlook on its AA-minus rating to negative from stable.

The Illinois Toll Highway Authority’s $698 million refunding eliminates its synthetically fixed debt in favor of fixed-rate paper.

The judge overseeing PHC's lawsuit accusing Nuveen of strong-arm tactics makes final push for mediated resolution before issuing opinion.

Chicago fared poorly in a Moody's report about the nation's largest cities and Illinois continues to stand out for budget stress and pension liabilities.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.

The Illinois Finance Authority and Chicago closed on the first property assessed clean energy bond deal in the state and authorization is in place for more.

Petitioner John Tillman Wednesday appealed the August circuit court ruling barring his taxpayer complaint challenging repayment of the bonds.

The RTA's service boards will receive $3.7 billion in new funding from the state's $45 billion infrastructure program.

Rating agencies affirmed Chicago's GOratings and the first report also out on the new junior lien Sales Tax Securitization Corp. credit.

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.