Indiana

Moody’s Investors Service revised its outlook to negative from stable on Aaa-rated Indianapolis, saying the city faces a structural imbalance and it’s uncertain whether leaders will be willing to raise revenue or impose cuts.

Australian fund manager IFM Investors has paid $5.72 billion to lease the Indiana Toll Road for 66 years, marking the largest privatization for an existing U.S. asset and the first time major US pension funds have invested in American infrastructure.

An ambitious plan by Indianapolis Mayor Greg Ballard to build a $408 million new criminal justice complex as a public-private partnership is facing an uncertain fate amid strong political opposition.

Indianapolis is increasing its disclosure with a new web site and report that provide detailed overviews of the city’s debt and borrowing practices.

After years of financial problems, the school district of Gary is poised to become Indiana's first local government to be taken over by an emergency financial manager.

Indiana Gov. Mike Pence has tapped Dennis Bassett, former Bank One managing director and the state's financial institutions director, as head of public finance.

Hoosier lawmakers went down to the wire Wednesday in crafting a new budget, passing a $31 billion, two-year budget just one minute before a midnight deadline.

Chicago-based David A. Noyes & Company is expanding into the primary underwriting market with the hire of Indiana muni veteran Tom Enright.

Hoosier lawmakers are revamping the state's school funding formula to boost money for growing suburban districts in a move that critics say will challenge already struggling urban districts like Indianapolis and Gary.

Despite the bankruptcy of its current operator, the Indiana Toll Road continues to show the benefits of privatization, as does the new $5.7 billion bid for the road, Wells Fargo says in a new report.

Indiana lawmakers scrambled Monday to stop financial fallout from a controversial bill signed into law by Gov. Mike Pence last week.

Officials building a long-stalled fertilizer plant in Indiana hope that the fifth time is a charm when it comes to having to remarket $1.2 billion of short-term notes before rolling it over into long-term debt.

Gary, Ind., a rare issuer and the state's most distressed city, is coming to market this week with $15.3 million of unrated, casino revenue-backed bonds.

An Australian fund manager’s $5.72 billion bid for the 75-year lease of the Indiana Toll Road bodes well for the P3 sector and suggests rising interest among pensions in investing in American infrastructure.

An Australian company is set to pay $5.7 billion for the 75-year lease of the Indiana Toll Road from the bankrupt company that bought it for $3.8 billion in 2006.

The recent default by an Indiana school district reveals how a state intercept enhancement program does not necessarily reduce the chance of default, Moody's says in a new comment.

Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.

A state bill enabling Indianapolis to borrow $84 million for a new soccer stadium in downtown Indianapolis has sparked a debate that echoes the national debate over sports facility financing.

Doubts as to the quality or effectiveness of Indiana's intercept program are misplaced.

Municipal bond borrowing by Midwestern issuers picked up steam last year, rising by 6.9% to $63.5 billion as issuers loosened the reins a bit on new money borrowing and refundings recorded double-digit gains thanks to favorable interest rates.