Illinois

Miroslava Mejia Krug is a veteran of top fiscal posts at two Chicago-area private higher education institutions.

Chicago’s $1.5 billion sale of general obligation refunding bonds and Sales Tax Securitization Corp. debt generated $310 million of budget savings.

Both the senior and the new second lien of Chicago's Sales Tax Securities Corp. are now rated AA-minus.

A healthy response to Chicago's first tender invitation is expected to bolster the savings on $1.47 billion of refinancing debt the city sells this week.

The Better Housing Foundation's Chicagoland suburban bond portfolios are now experiencing bond covenant and payment defaults.

The state expects to set senior and co-manager pools with up to 15 firms each for an initial four-year term.

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.