Michigan

Moody’s Investors Service has downgraded more than three dozen Michigan school districts this year as falling enrollment continues to strain their finances.

Wayne County's proposed consent agreement with the state requires the county to continue to make timely debt payments and enhances the government's power over collective bargaining.

Are a statutory lien and other state-crafted protections on Detroit's first post-bankruptcy bond sale enough for investors assessing the city's long-term recovery?

Detroit emerged from bankruptcy poised to rebuild through major infrastructure projects, former emergency manager Kevyn Orr said in Boston.

Standard & Poor's said it would wait to see the terms of Wayne County's consent agreement with the state before taking action on the junk-rated county.

Detroit's bankruptcy and Puerto Rico's default are similar to New York City's mid-1970s crisis, public finance veteran Richard Ravitch says.

The Wayne County, Mich., board opted to enter a consent agreement with the state government, one of the four choices it had to deal with the county's financial emergency.

Detroit is nearing its first public bond sale since bankruptcy as it posted bond documents for the deal on Thursday.

The Wayne County, Mich. board of commissioners is scheduled to vote Thursday on how to resolve its financial emergency.

Philadelphia-based Public Financial Management, the country's largest municipal advisory firm, said it has acquired Stauder, Barch & Associates, Michigan's oldest FA firm.

The latest top state court to weigh in on pension reforms ruled in Michigan last week that the state's pension reforms enacted in 2011 are constitutional, overturning two lower court decisions.

Moody’s upgraded Detroit by one notch Thursday, though leaving it deep in junk territory, as the city gears up for its first post-bankruptcy bond deal.

Michigan Gov. Rick Snyder Thursday affirmed his earlier declaration that Wayne County is in a financial emergency, giving the county board until next week to choose among four partial takeover options.

Michigan public finance veteran Dale Deis joins top-ranked PFM after nearly 30 years at Municipal Financial Consultants in Michigan.

Standard & Poor’s assigned an A rating and stable outlook to Detroit’s first post-bankruptcy bond sale, set for Aug. 19.

"Detroit's a much better credit than it was two years ago," its former emergency manager, Kevyn Orr, told a municipal bond market group.

Detroit is set to hit the market on August 19 with its first public bond sale since exiting the largest municipal bankruptcy in the U.S.

Moody's upgraded Michigan one notch on Friday, citing an improved financial profile, just days after S&P boosted its outlook on the state to positive.

Standard & Poor’s said Thursday that its junk ratings on Wayne County, Mich. will remain unchanged for now despite the declaration of a financial emergency.

Michigan Gov. Rick Snyder declared Wayne County, home of Detroit, to be in a financial emergency, just one day after a state review team made the recommendation.