Michigan

Higher education borrowing led by century bond deals helped offset the dive in refundings brought on by rising interest rates.

Detroit says it can't afford to shave 10 years off the amortization schedule of its public safety pension obligations.

Miller Canfield principals voted to put Jeffrey Aronoff on its leadership board.

Fitch raised Michigan's general obligation rating one notch to AA-plus.

Genesee County and Flint supported the bonds issued to finance construction of a pipeline with the county ultimately on the hook.

The hospital is banking on increased federal reimbursement funds next year when the new Rural Emergency Hospital designation for eligible Medicare providers takes effect.

The “social” part of ESG evaluations poses the most downside risk to governmental and not-for-profit issuers in the Midwest and Central regions, S&P said.

The budget package awaiting Gov. Gretchen Whitmer's signature leaves billions on the table, for now, with contentious negotiations looming over the shape of tax relief.

Justices said criminal indictments against the former governor and other officials didn't pass legal muster. The attorney general's solicitor general says the case is not over.

Detroit still may ask the federal bankruptcy court to intervene in a pension fund matter that could add to the city's financial stress.

Michigan's new revenue and economic forecast add billions onto existing surplus projections but officials also warn of looming economic headwinds.

The bulk of the first tranches of the $15 billion of IIJA funds will likely be used to figure out where lead lines are located, so states and water systems can determine the scope of the problem.

ProMedica's senior living division has suffered deep pandemic-related fiscal wounds while its hospitals' recovery was set back by the Omicron variant.

If state and local governments make progress on social problems with federal relief funds, it could be credit positive for them, Moody’s Investors Service said.

BHSH brings almost $1.5 billion of bonds to refund Beaumont's debt and raise some new money. The new system keeps Spectrum's higher legacy ratings.

The $4.7 billion spending plan draws heavily from federal relief packages

S&P's upgrade moved Detroit's unenhanced GO rating higher in the speculative grades but also lifted a portion of its priority lien debt to investment grade.

This month the University of Michigan sold $1.2 billion and Michigan State University sold $500 million of taxable 100-year bonds.

Moody's rewarded Detroit's strides in keeping its books balanced and building reserves with an upgrade that leaves it two notches below investment grade.

The city says it can't afford a pension fund change that forces it to pay down unfunded liabilities more quickly; it may also lobby state lawmakers.