Midwest

Oaklawn Hospital in Calhoun County, Michigan plans to convert its variable rate paper to fixed-rate debt in an upcoming $74 million hospital revenue bond refunding.

Ohio became the latest bond issuer to suspend doing business with Wells Fargo & Co. over its phony accounts scandal.

Cincinnati Earns Upgrade Ahead of Sale

The Great Lakes Water Authority achieved $309 million in net cash flow savings on the refunding piece of in its inaugural $1.33 billion deal, the agency said Friday.

Cook County’s proposed 2017 $4.4 billion operating budget relies on a tax on soda and other sugary beverages to help erase red ink while protecting spending on health and public safety services.

Illinois’ yield penalties widened Thursday as the nation’s lowest rated state sold $1.3 billion of general obligation refunding bonds against a tide of negative fiscal and market headwinds.

Michigan’s Wayne State University has struck a $1.4 billion, 40-year public-private partnership that will allow it bypass the capital markets to upgrade its housing stock and retire debt.

Chicago's tax-increment financing program is in the spotlight after the city said it would release a bigger-than-planned chunk of surplus TIF revenues to help Chicago Public Schools pay for a new teachers' contract.

The city of Wayne, Mich. was dropped lower into junk territory by Moody's Investors Service as it remains on the brink of running out of money with no solution in hand to relieve its fiscal stress after the state declined to intervene.

Illinois will remarket floating-rate paper in a direct placement set for Nov. 7, resolving a potential strain that expiring letters of credit posed for its already stressed balance sheet.