Midwest

The House passed its Water Resources Development Act, which would authorize $170 million to help address Flint, Mich.’s drinking water crisis.

Chicago-based financial advisor Melanie Shaker is returning to her rating agency roots, joining S&P Global Ratings on the commercial side.

The Michigan Finance Authority completed a private placement of $226.3 million of bonds Thursday to refund Detroit Public Schools paper set to lose its state aid backing Oct. 1.

Fort Wayne, Indiana based Parkview Health System’s improved operating performance earned it a one notch upgrade into the double-A category.

Illinois plans to return to the market next month with a $1.3 billion general obligation refunding that would be followed by a $480 million new money GO issue.

The Nebraska Farm Bureau says a community college’s $369 million bond question on the November ballot would lead to a massive property tax increase on farmers, business, and homeowners in southeast Nebraska.

Chicago Public Schools’ fiscal gains this year are fading to the background as a potential teachers strike looms large and a new downgrade puts the district on the cusp of the triple-C category.

A group of Democrats and Obama administration officials are urging the Republican-led Congress to include Flint aid in either the Water Resources Development Act of 2016 or the government spending measure that must be passed by the end of the week to avoid a government shutdown.

Changes in assumed investment return rates at four of Illinois’ five state employee pension funds, as well as other revised assumptions in areas like life expectancy, are raising pressure on the state to tackle pension reforms.

After turning around its operating performance, the Kalamazoo, Mich.-based Bronson Healthcare Group received an upgrade of its credit outlook to stable as it prepares to refund $109 million of debt.