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After voters twice rejected proposals to issues bonds to pay for a new school and major repairs, school board members now are considering borrowing what they can without voter approval to pay for state-mandated improvements.
June 5
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Chicago is offering stronger rated utility-backed bonds but like its GO they face credit strain from pensions.
June 5
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Two Illinois community colleges were downgraded by Moody’s because of the state's budget woes.
June 2
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Chicago launches website financial portal to broaden investor and public outreach.
June 2
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Illinois spreads widened as investor confidence waned that the state can resolve its budget deadlock.
June 2
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Illinois received two downgrades Thursday, bringing it closer to a junk bond rating.
June 1
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Moody's Investors Service has lowered the rating on the State of Illinois' general obligation (GO) bonds to Baa3 from Baa2, amid a prolonged political impasse that has prevented progress on a growing pension deficit and an increasing backlog of unpaid bills
June 1
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Illinois took a one notch downgrade from S&P Global Ratings leaving its general obligation debt at BBB-minus.
June 1
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Once-bankrupt Detroit ended fiscal 2016 with a $63 million surplus.
May 31
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Wayne County, Michigan hopes to parlay positive credit news into savings on an upcoming jail project issue.
May 31
