Illinois

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

Mayor Lori Lightfoot says the city can manage through 2020 and will wait for the 2020 session to resurrect requests.

The state will pool the assets of 650 public safety pension funds outside Chicago into two new funds: one for police and one for firefighters.

The Chicago Civic Federation supports the proposed budget despite worries

After management and physicians from both health systems worked to provide a merger recommendation, the UnityPoint Health board “failed to embrace the vision."

Chicago now expects to bank $215 million in upfront debt refinancing savings from a bond refinancing it expects late this year or early next.

The labor deal with teachers to end an 11-school-day strike puts pressure on Chicago Public Schools in the out years, say FItch and S&P.

Illinois’ competitive $750 million general obligation issue proved an easy sell with tight cover bids.

The unfunded liabilities rose to $137 billion in fiscal 2019 from $134 billion, and the state will have to contribute $600 million more in fiscal 2021.

The junk-rated school district revised its fiscal 2020 budget to reflect the contract that ended a teachers' strike, but long-term questions remain.

Ahead of the deal, Moody's revised its outlook on the hospital system's Aa3 rating to positive from stable.

The Illinois city faces garnishment of state funds to make up for pension shortfalls, threatening its ability to deliver core services, Moody's said.

The Chicago Park District would phase in actuarially determined pension payments under a funding plan that still needs state legislative approval.