Michigan

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.

Bedford Schools is moving forward with a proposed $35 million bond issue for the November ballot.

Northwest Community Schools is giving it's $24.9 million bond another try.

The Mattawan Consolidated School district is hoping to demolish vacant buildings with the help of a nearly $20 million bond presented to the voters in August.

It’s the city’s first bond investor conference since exiting active state oversight earlier this year.

The city of Grand Rapids is embarking on an ambitious plan to install a $20 million LED streetlight system that eventually could monitor water meters and collect data about activity on the street.

The Municipal Stability Board gave more than 100 local governments until November to come up with a plan for their underfunded retirement plans.

The tax plan supports $250 million in bond financing by authorizing the capture of roughly $18.56 million of principal and interest payments annually.

Moody's Investors Service, citing fiscal improvements, upgraded the city to Ba3.

The university can issue debt or pay cash to cover the settlement but either option has credit consequences.

S&P placed MSU on CreditWatch with negative implications, citing a lack of clarity on how the settlement will be paid for.