Indiana

The Gary/Chicago International Airport Authority may seek another round of bond funding after a year that saw operations increase following the expansion of its main runway.

Municipal bonds issued for Tennessee-based Global Ministries Foundation housing projects were placed on S&P Global Ratings' CreditWatch and could face rating downgrades because of uncertainty related to a federal investigation.

Bonds issued for a P3 highway project in Indiana were downgraded to junk following construction delays and payment disputes among contractors.

Indiana closed out fiscal 2016 last month with a slight surplus despite the drain of low gas prices on revenue growth.

Chicago’s first mistake in its much-maligned parking meter lease was its choice of asset, says a new report that compares the city’s P3 deal to the Indiana Toll Road.

Mesirow Financial is venturing into Indiana with the opening of a n office in downtown Indianapolis, and it’s hired Greg Clark to lead the effort.

Citizens Energy Group – which manages central Indiana’s water system – heads into the market with a $70 million revenue bond issue accompanied by upgrades from two rating agencies.

The Indianapolis Airport Authority has reached a settlement agreement with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds issued in 2006.

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

The Indianapolis Airport Authority comes to market as soon as Thursday with a $171 million refunding structured to bring down its debt service costs on the long end.