Ohio

Ohio's Promedica Health is bringing $320 million of low double-A rated hospital bonds to market Thursday, a day after publishing a supplement to bond documents informing investors of a potential merger in the works.

Columbus-based Umbaugh has acquired Prism Municipal Advisors, a well-known Ohio financial advisory firm.

Ohio state Sen. Joe Schiavoni wants to ask voters for authorization to borrow up to $1 billion of bonds to finance sewer and water projects across the state.

Former Ohio Deputy Treasurer and Chicago Comptroller Amer Ahmad was been extradited to the United States from Pakistan to serve a 15-year prison term for his role in a kickback scandal involving state investment business at the Ohio treasurer's office.

A federal judge this week sided with Ohio when he dismissed a lawsuit challenging the use of Ohio Turnpike toll revenue to fund projects that aren't on the turnpike itself.

Issuers in the Midwest sold $37.5 billion of municipal bonds in the first half of 2015, up 17.5 % from the same period of 2014 as refundings made up for a decline in new money issuance.

Moody’s Investors Service upgrade Dayton, Ohio-based Kettering Health, saying the eight-hospital system has seen a strong financial performance in the last two years.

Cincinnati’s settlement with its unions and retirees on retirement obligations is one of the reasons why Moody’s said it revised its outlook on the city to stable from negative.

Columbus, Ohio, in the midst of a downtown building boom, heads into market this week for its annual summer borrowing bearing triple-A bond ratings.

Ohio-based boutique investment firm Lancaster Pollard, which specializes in health care and housing, has a new leadership team.

Ohio now has more than $2 billion in its rainy-day fund, the highest in the state's history, officials said.

Moody's Investors Service pushed a small Ohio hospital deep into junk territory amid a variable-rate debt-driven liquidity crisis and after a proposed merger with the state's largest provider fell through.

Voters in Ohio approved a majority of levy requests for local school districts it rates, a credit positive for those districts, Moody's says.

Ohio-based Promedica Health System Inc. must divest itself of another local hospital after the U.S. Supreme Court refused to hear the hospital’s appeal of a lower court ruling blocking the merger.

A federal lawsuit seeks to stop Ohio from using toll revenue from the Ohio Turnpike to finance non-turnpike related highway projects.

Mercy Health, Ohio’s largest health care provider, prices $400 million of bonds this week, joining a handful of higher-rated hospitals that have started to return to the capital market after years of delaying deals.

In a proposed $72 billion budget, Ohio lawmakers dropped all of Gov. John Kasich's proposals to increase taxes to offset a large income-tax cut, while keeping the income tax cut.

A struggling Cleveland suburb that is in a state of fiscal emergency wants the state to restore the $6.7 million in local government aid cuts.

Fitch Ratings boosted its outlook to positive from stable on Cleveland, Ohio, saying the outlook reflects improved financial operations and an increase in reserves.

Ohio next week will launch its first public-private partnership with the sale of $230 million of tax-exempt private activity bonds for a highway through the Appalachians.