Ohio

Canton, Ohio, was slapped with a two-notch downgrade over its ongoing budget struggles.

Ohio-based public utility, Dayton Power and Light, plans to shift its business away from coal-fired generation and modernize its grid under an electric security plan that may represent a credit positive.

Ohio Gov. John Kasich is looking to reduce the state’s reliance on income tax revenue by raising the taxes on cigarettes, beer and wine, gas drilling and raising and expanding the sales tax.

A new tool to help Ohio cities and counties gauge their fiscal health found that 16 cities and one county meet the threshold for having high fiscal stress.

Ohio will take competitive bids on $350 million of general obligation bonds Thursday in a deal to benefit schools.

Healthcare and education finance will be key areas of growth as Huntington Capital Markets looks to expand its public finance footprint in Ohio, Chicago and Wisconsin.

The Quicken Loans Arena – home of the National Basketball Association’s Cleveland Cavaliers – will receive a partially bond-financed $140 million makeover.

East Cleveland Mayor Gary Norton Jr. and City Council President Thomas Wheeler have been recalled from their positions in a special election as the city plunges into insolvency.

Akron, Ohio-based Summa Health plans to price a $345 million deal this week that includes a refunding, conversion of variable rate debt to fixed rate, and new money to partially fund the health system’s expansion.

MetroHealth in Cuyahoga County, Ohio is eyeing more than $1 billion of borrowing to finance a plan to transform its current campus.