Midwest

The Metropolitan Water Reclamation District of Greater Chicago sold $427 million high grade paper at what a local bond trader described as a “fair” market penalty given the tarnished names of Chicago and Illinois.

Illinois will take competitive bids on $550 million of new money general obligation bonds next week as the state barrels toward its second fiscal year without a budget.

Citizens Energy Group – which manages central Indiana’s water system – heads into the market with a $70 million revenue bond issue accompanied by upgrades from two rating agencies.

With construction crews ready to get to work this summer, Wisconsin-based issuers will sell $235 million of debt this week to cover most of the public's price tag for a new $524 million arena for the NBA's Milwaukee Bucks.

The condition of the state’s road network will worsen without additional investments in highway infrastructure, said Illinois Transportation Secretary Randy Blankenhorn.

Exelon Corp.’s plan to shutter two of its Illinois based reactors is “bad news” for the state and several local communities, says Moody’s Investors Service.

Cook County, Illinois heads into the market next week with positive news from two rating agencies and a downgrade from another.

A compromise package to rescue Detroit Public Schools from looming insolvency at a cost of $617 million is headed to the state Senate.

Chicago’s restructuring of its public safety pension payments will initially drive up unfunded liabilities and cost the city more in the long run, Moody’s Investors Service said.

Chicago’s general obligation rating will remain on shaky ground until its resolves the looming insolvency of its laborers’ and municipal employees pension funds, S&P Global Ratings warned.