Midwest

PHC not seeking financial damages, instead wants permanent injunction to cease alleged conduct.

Moody's Investors Service dropped Fairfield Medical Center to Ba2 from Baa3.

The firm hired Damian Maggos in Indianapolis and Matthew Ruess in Crown Point.

The commission's $300 million sale for bridge work will be its first new money issue since 2010 as it struggles to fund its road and bridge network.

CPS sees spread penalties dwindle as market looks for yield and recognizes district's fiscal progress.

The city of Clear Lake, Iowa, is hoping a full-service investment-banking firm will help it secure the highest credit rating.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

The Puerto Rico Oversight Board may have a stronger case to declare bonds invalid than the Illinois litigants did.

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.