Michigan

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.

Nearly four dozen Michigan school districts have suffered credit erosion this year and the trend shows no signs of waning, Moody's Investors Service said in a report.

The University of Michigan heads into the market this week with $312 million of high-grade revenue paper to fund ongoing capital projects and refund debt.

With a fresh upgrade in hand and the prospects of more to come, Detroit's water and sewer department is selling its final deal before handing its more than $5 billion of debt over to the Great Lakes Water Authority.

Standard & Poor’s dropped its threat to lower charter school -- Detroit Community Schools’ -- already speculative grade rating after receiving sufficient financial information to hold the rating steady at B-minus.

Detroit-based Henry Ford Health System will acquire Allegiance Health, a union that offers benefits for both in what marks the latest in an ongoing wave of healthcare consolidations.

The fiscally stressed Detroit Public Schools’ latest financial results offer a mixed bag as its general fund deficit grew but at a slower pace than expected.

Michigan’s recent adoption of a $1.2 billion road funding package was labeled a positive credit factor for the state’s transportation revenue bonds by Moody’s Investors Service.

Allen Park, Mich. received a positive review from Standard & Poor's for its advancing efforts to shed some its troublesome $26.3 million of debt issued for a failed film studio, with an upgrade for the still speculative-grade credit.

Moody's Investors Service had more upgrades than downgrades in the third quarter of 2015, and the upgrades also affected a larger dollar amount of debt than its downgrades.

Hawkins Delafield & Wood LLP is opening a new office in Ann Arbor, Mich., the firm announced Thursday.