Michigan

The university has not said how it intends to pay for the legal settlement.

The university will issue $72 million of general revenue bonds in a negotiated sale Thursday.

The district remains deeply in speculative-grade territory even after the two-notch upgrade.

Detroit's casino revenues steady but city conservative with projections.

School bond supporters received favorable results for the biggest three proposals.

A flyer opposing Northwest Community Schools' upcoming bond vote has been showing up in district residents' mailboxes for a couple of weeks.

Moody's Investors Service lowered the university one notch to Aa2.

The city’s ability to sustain strong reserves will be a key credit factor going forward, S&P Global Ratings said.

The tax and omnibus spending bills offer little relief for state and local infrastructure.

Detroit's financial progress since its 2014 exit from Chapter 9 still leaves the city with debt, pension and economic development challenges.

The action set the stage for the city’s exit from direct state supervision later this month.

Flint's pension liabilities are underfunded, its OPEB liabilities are not funded at all, and it faces a looming infrastructure bill.

The launch of the new website came shortly after a second upgrade to investment grade.

Michigan State University is seeing the first credit fallout from the sexual abuse scandal involving former university and Olympic gymnastics doctor Larry Nassar.

Lenawee County's hospital finance authority board voted Thursday to support ProMedica selling up to $50 million in bonds for the new hospital to be built north of Adrian.

Detroit's affordable housing plan would give developers access to private activity bonds associated with Michigan’s 4% tax credit program.

Debt is being issued to refund the Karegnondi Water Authority's 2016 bonds and fund remaining pipeline construction costs.

Wayne County and Detroit officials hope a new, $5.4 billion, 20-year transit plan makes it to the November ballot.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

Detroit's plan to pay off some bankruptcy-related debt early should save $11.7 million.