Midwest

The University of Illinois at Chicago has launched the Government Finance Research Center.

Banker David Schott has joined Stern Brothers' New York office.

Wayne County plans to issue the debt, secured with a state intercept, though the Michigan Finance Authority.

Illinois' 10-year GO paper is trading 10 to 15 basis point tighter than before its rating outlook went to stable from negative.

S&P Global Ratings boosted Michigan's general obligation bonds to AA from AA-minus.

Less than three weeks after Harvey Public Library District officials held a groundbreaking ceremony for their multi-million-dollar library expansion in 2015, the Securities and Exchange Commission launched an investigation into the project's funding source, records obtained by the Daily Southtown show.

The measure was the latest in a series of proposals that have been shot down because of divisions between county leaders.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

Illinois' Baa3 rating remains one notch above junk, but the outlook is now stable, up from negative.

An amended master trust indenture will reflect the combined finances of the largest health systems in Illinois and Wisconsin.