Iowa

Moody's Investors Service places Mercy Hospital's (IA) Baa2 rating under review for downgrade, affecting approximately $74 million of rated debt.

WATERLOO, Iowa -- The city's plans to borrow $20.9 million next week will be among its largest annual bond issues ever.

CORALVILLE, iowa -- Meg Moreland, a 17-year-old student at West High School in Iowa City, has missed more school days this year because of excessive heat than snow.

WATERLOO, Iowa -- A national bond ratings firm gave Black Hawk County's government high marks for fiscal management.

FORT MADISON, Iowa -- The Fort Madison School Board is putting a $27 million general obligation bond issuance that will pay for the construction of a new elementary school and softball and baseball fields to vote June 27.

Lee County voters soon will take to the polls for the first time this year to vote on the fate of the county health department building.

During its regular meeting Monday night, the Newton, Iowa, Community School Board of Education took another step forward in funding the new Berg Middle School.

Issuers in the Midwest sold $87.2 billion of municipal bonds in 2016, a 23.4% year-over-year increase that was the biggest of any region.

Iowa’ s Xenia Rural Water District brought its long financial struggles to a happy ending as it formally shed remaining bonds from its troubled 2006 issue, ending a saga that began with an ambitious expansion that led to default and concerns over the district’s solvency.

The Iowa Fertilizer Co. LLC’s successful receipt of bondholder waivers and completion of a tender exchange for $150 million of the original nearly $1.2 billion deal eases pressures on the struggling project without eliminating them.