Missouri

Ferguson, Missouri’s rating has sunk further into speculative grade territory as the city’s struggle to recover from a controversial 2014 police shooting continues to batter its once healthy balance sheet.

Standard & Poor's raised St. Louis’s parking revenue bonds by one notch as the credit profile received a boost from a recent rate increase.

Improving operating margins helped win Missouri-based Mercy Health a stable outlook from Moody's Investors Service.

Missouri has turned east to New Hampshire for a new head of transportation.

Investors holding about $27 million of bonds issued for a failed sucralose plant in Moberly, Missouri have reached settlements with the financial firms they sued in state court, weeks after a federal class-action case was settled.

St. Louis-based retail stalwart Edward Jones will drop its negotiated public finance underwriting business at the end of the year.

Distribution of an $8.25 million legal settlement fund for investors in a failed Missouri sucralose plant is expected by the end of the year in a class action suit against underwriter Morgan Keegan and law firm Armstrong Teasdale.

Standard & Poor’s has lowered St. Anthony’s Medical Center by two notches to A-minus over dents in its operating performance.

St. Louis’ public finance community will join with the friends and family of Ivy D. Neyland-Pinkston in a celebration of life gathering Saturday to honor the longtime deputy comptroller for finance and development.

Ferguson, Missouri fired back at Moody’s Investors Service for its steep downgrade to junk, accusing the rating agency of being unwilling to give it more time to provide information that would offer a fuller picture.

Ferguson, Mo. lost its investment-grade rating Thursday when Moody's Investors Service dropped its rating four notches in a sign of the financial fallout from the fatal 2014 police shooting of Michael Brown.

A federal class action lawsuit settlement between a group of bondholders that invested in a failed Missouri sucralose plant and the financial firms involved in the $39 million bond deal is nearing final approval.

Missouri Gov. Jay Nixon said a $1 billion proposed football stadium in St. Louis would not need legislative or voter approval because it would be an economic development project.

Missouri will begin tapping about $300 million in borrowing authority when its sells $60 million of high-grade special obligation bonds Tuesday for renovations to the state capitol and other state and university building projects.

The Missouri Development Finance Board signed off on tax credit allocations to support the state-backed financing plan for a new $1 billion St. Louis Rams professional football stadium.

Moody’s Investors Service downgraded St. Louis one notch.

St. Louis voters Tuesday rejected a $180 million bond measure that the city had promoted as needed to help get deferred infrastructure work completed.

St. Louis is free to spend tax money to fund a new football stadium, according to a St. Louis Circuit Court ruling overturning a city ordinance aimed at requiring such support go to a public vote.

Higher than expected revenues gives Missouri the needed matching funds for federal road dollars in 2017.

St. Louis voters head to the polls Tuesday to decide whether to give the city authority to sell $180 million of debt to finance infrastructure work.