Midwest

More than $1 billion of taxable and tax-exempt issuance is planned.

The rating agency will await the legislature's passage of a final budget before casting a credit judgment.

The state's projected budget surplus was raised to $1.5 billion, but officials are cautious over risks of economic slowdown and the impact of COVID-19.

Moody's Investors Service revised the outlook on Hurley Medical Center's Ba1 rating to positive from stable ahead of a $52 million sale.

Wisconsin Gov. Evers said he remains open to an income tax cut but only if it's accompanied with more education funding and property tax relief

The Illinois attorney general's office is also believed to be looking into the foundation, which issued $170 million of tax-exempt bonds that have defaulted.

Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.

Covenant's issuing tax-exempt debt to retire some variable-rate, term loan bank debt and taxable bonds to fund construction of a rehabilitation facility.

The Fitch rating on the bonds, issued as part of the Midwestern Disaster Area authorization, remains deep in junk.

Taxable refundings caught on in the Midwest as they did elsewhere in the nation, helping the region post a 19% volume gain.