Midwest

Allen Park's competitive bond sale came after the city's general obligation rating was raised to A-plus from BBB-plus by S&P Global Ratings.

The federation endorsed the plan only after Gov. J.B. Pritzker dropped plans for a partial pension funding holiday.

Incoming CFO Jennie Huang Bennett and budget director Susie Park arrive as the city warns that pension contributions may rise more than previously projected.

Holders of $20 million of bonds received $3 million from the sale of the facility.

Preston Hollow can proceed with a lawsuit that accuses the municipal bond giant of a campaign of intimidation, a Delaware judge ruled.

Moody's shifted its outlook on six Illinois public universities to stable while upgrading two credits.

Illinois bonds are gaining ground in the secondary, supported by scant supply and recent fiscal developments viewed positively by investors and analysts.

Nebraska's largest school district has more than $770 million of unfunded pension liabilities after some pension fund investments turned sour.

Moody's put the Illinois State Toll Highway Authority's A3 rating on review for a downgrade in the wake of the Puerto Rico ruling.

Chief Financial Officer Dave Massaron said Detroit will work with Public Resources Advisory Group to build more robust investor relations as it looks to build out its debt model.