Michigan

Wayne County, Michigan’s outlook is now stable, according to Moody’s Investors Service, which revised the outlook on its junk-level rating upward from negative.

Michigan based Hope Academy had $8.6 million of public school academy limited obligation revenue bonds downgraded into deeper junk territory by Fitch Ratings on Wednesday.

The Flint water contamination crisis and Detroit’s public school restructuring took center stage Wednesday as Michigan Gov. Rick Snyder unveiled his fiscal 2017 budget.

Detroit’s old water and sewer debt is now investment-grade across the board for the first time since the city left bankruptcy.

Dallas-based Hilltop Securities has hired five investment bankers in the Midwest, including four from the Edward Jones team that quit doing negotiated deals in 2015.

Gov. Rick Snyder's restructuring plan for Detroit's public school district faces concern that fiscal help may come at the expense of other school districts.

Fiscally distressed Wayne County, Mich., expects $23 million in fiscal 2016 budget relief from cuts in retiree healthcare benefits that trimmed $850 million from its unfunded liabilities.

Hearings begin Thursday on Michigan legislation that paves the way for Gov. Rick Snyder’s restructuring plan for the debt-laden Detroit Public Schools.

Fiscal strains on Michigan could deepen as officials work to solve the Flint water contamination crisis, Standard & Poor’s said in a new report.

State and federal authorities advanced efforts Thursday to bring more fiscal help to Flint, Michigan as its copes with a water contamination crisis that market participants say will reach far and wide.

Additional executive powers are being restored to Flint, Mich.'s mayor in a move backed by Gov. Rick Snyder to help the city deal with its water contamination crisis.

The Michigan Senate is expected next week to take up $28 million in emergency funding proposed by Gov. Rick Snyder to help Flint address its water contamination crisis.

President Obama has signed an emergency declaration requested by Michigan Gov. Rick Snyder in the wake of a water contamination crisis in Flint.

Michigan Gov. Rick Snyder is requesting a federal emergency declaration and supporting a shift of more executive powers back to Flint Mayor Karen Weaver as the city grapples with a water crisis that could cost more than $1 billion to fix.

The Detroit Public Schools could see a fiscal fallout if organized “sick-outs” by some teachers are prolonged, Moody’s Investors Service warns in a new report.

Weaker results in the current fiscal year prompted one rating agency to shift its outlook on Michigan-based Trinity Health Credit Group's high-grade rating to negative ahead of its sale of $568 million of new-money and refunding bonds.

The Great Lakes Water Authority officially opened its doors Jan. 1, ushering in a new era of regional water management under an entity that is now the caretaker of more than $5 billion in Detroit water and sewer bonds.

Standard & Poor's dropped Michigan Public Power Agency's AMP Fremont Energy Center project revenue bonds one notch to BBB due to the weakened operations of some cities that participate in the project.

Michigan Gov. Rick Snyder is transitioning the city of Lincoln Park back to local control from state-imposed emergency management.

Long-term pressures continue to weigh on Detroit’s recovery, a year after the city emerged from bankruptcy with a healthier balance sheet.