Ohio

JobsOhio liquor profit, state revolving fund and GARVEE bonds scheduled to hit the market over the next two weeks.

Kathleen Clark joined FHN in October to establish a banking presence in Columbus

Cleveland-based public finance banker Tim Reidy joined Raymond James as a managing director.

Ohio's growing economic diversity helped draw a positive outlook from Moody's, a month after a Fitch Ratings upgrade.

Seven states formed the Midwestern Hydrogen Coalition to collaborate on promoting hydrogen-based energy production, use and distribution.

The healthcare chain won breathing room as its letter of credit provider waived a rating covenant and removed an event of default provision for junk downgrades.

The upgrade "reflects material strengthening of the state's financial resilience and budget management, particularly over the past two biennia," the rating agency said.

Baker Tilly will fold specialty consulting firm Management Partners into its public sector practice next month.

COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

The county wants to enter into a public-private partnership to finance, build and operate a public utility and multiple microgrids that will sell power to advanced manufacturers who require hyper-reliable energy.

Cleveland drew a Moody's upgrade as it was prepping an annual GO sale.

Illinois closed the books June 30 on a "record-breaking" year for general fund revenues.

Moody's downgraded the university and its housing and parking borrowing arm ahead of a bond sale to support the school's goal of increasing on-campus housing.

The Cleveland-based university's 100-year taxable bond landed at a 5.4% interest rate.

The state's two-year capital budget includes incentives for Intel's $20 billion chip production plants and spending on local and state construction projects.

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

Relative cheapness, wider spreads and underperformance in munis are providing better value, all set against a very solid and resilient credit background, analysts say, but supply is testing investor sentiment amid volatility.

Columbus is offering $423 million to municipal bond investors in a mix of new money, refunding, tax-exempt and taxable debt.

"If you clean it, they will come," says an EPA official as new federal environmental funding helps cities revamp old industrial areas into new neighborhoods.

Municipal bond issuance in the Midwest reversed course last year, falling by 7.4% to $77.5 billion.