Midwest

The utility serving Indianapolis and Marion County is headed into the market with $234 million of wastewater revenue bonds -- including debt it will designate as green bonds.

Minnesota highway officials say road conditions will worsen without solution to growing revenue gap.

Illinois’ failure to pass a full budget for a second consecutive fiscal year is likely to widen the state’s operating fund deficit and exacerbate liquidity pressure on the state’ credit position, says Moody’s Investors Service.

Michigan’s economy has continued to improve without helping the fiscal health of the state’s local governments, according to a new University of Michigan report on the state’s local governments.

Chicago got its first good rating news after announcing funding plans for the city's municipal and laborers pension funds, as Fitch Ratings revised its outlook on the city's rating to stable from negative.

Southwest Ohio’s largest healthcare provider capitalized on the low interest rate environment last week to save on the debt of four hospitals it now operates as one obligated group.

CHICAGO – Illinois' largest retirement fund voted to lower its assumed investment return rate to 7% from 7.5%, a move that Gov. Bruce Rauner's administration had warned would have a "devastating" impact on funding for social services and education.

East Cleveland’s plan to avert bankruptcy by merging with neighbor Cleveland is back to the drawing board after terms were rejected by the Cleveland City Council.

The default of some unrated nonprofit project bonds in Michigan and subsequent struggle to recover funds highlights the frustration bondholders sometimes feel in working with trustees, who are tasked with acting as the agents of the investors in distressed and default situations.

Illinois’ budget crisis and political gridlock have taken a toll on the state’s public colleges and universities, S&P Global Ratings said in a report recapping the credit erosion and warning of a tough road ahead for the schools.