Michigan

The board has identified more than 110 out of 490 local units of government as having an underfunded pension plan or retirement health care plan — or both.

The county anticipates pricing for the week of Aug. 6th.

Wayne County plans to issue the debt, secured with a state intercept, though the Michigan Finance Authority.

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

The measure was the latest in a series of proposals that have been shot down because of divisions between county leaders.

MSU plans to issue roughly $784 million of bonds, $450 million of which will be used to cover settlement costs from the sexual abuse scandal involving Larry Nassar.

Barring legislative intervention, the district can't issue debt to cover the $500 million in repair costs.

DTE Electric Co. is seeking a $537 million reduction in its taxable value, possibly threatening the county's credit rating.

Michigan needs to spend $4 billion more each year for upkeep of the state's transportation, water and communications infrastructure.

The release of Highland Park School District in Wayne County marks the first time since 2000 that no local entity is in the oversight program.

Michigan State University's credit fundamentals will be the deciding factor when it sells bonds to fund the settlement, say market observers.

The junk-rated city is eyeing a return to market without a state backstop, but there is no timeline.

The $500 million settlement with 330 sex-abuse victims must still be approved by a judge.

McLaren will also sell some tax-exempt debt to refinance floating-rate notes.

S&P said there was a one-in-three chance that it could raise Allen Park's rating by multiple notches over the next year.

The county's last junk bond rating was erased with a two-notch Moody's upgrade to Baa2.

The budget has become a bone of contention between the mayor and city council members.

The spending plan heads to Gov. Rick Snyder for his expected signature.

The state has $500 million of extra revenue to divvy up.

The county plans to sell $315 million of bonds this summer for a new jail.