Midwest

Standard & Poor’s put five of the seven Illinois public universities it rates on CreditWatch, citing the Illinois budget impasse.

Indiana Governor Mike Pence signed into law $1 billion in new road and bridge funding for the next two years.

A massive restructuring of Detroit Public Schools to help the district avert bankruptcy cleared the Michigan Senate Tuesday.

Severe declines in oil and gas prices that have damaged the economy Williston, N.D. led Moody’s Investors Service to downgrade the Bakken Shale city to speculative grade.

Michigan is prepping its first general obligation bond issue of 2016 amid growing uncertainty about the long-term impacts on the state’s credit from Flint’s water contamination crisis and the financial plight of the Detroit Public Schools.

Fitch Ratings says that California school general obligation bonds meet its “high bar” to determine if the revenue backing bonds would be considered special revenues in a bankruptcy, and therefore more secure.

The risky underpinnings of Chicago’s efforts to solve its $20 billion pension mess are taking center stage this week.

A higher-than-expected 2015 operating loss at Illinois-based Presence Health is expected to trigger a technical default that would allow bondholders and banks to accelerate some debt repayments.

DePaul University in Chicago will sell $70 million Tuesday primarily to finance a new music school building.

Ohio is issuing $80 million of capital facilities lease-appropriation bonds to fund parks and recreation improvement projects.