Midwest

Moberly, Missouri, which fell to junk-bond status after reneging on an appropriation pledge, inched closer to an investment grade with a two-notch upgrade from Standard & Poor's to BB-minus.

Michigan lawmakers on Tuesday approved a $30 million Flint relief bill that brings the total emergency funding dedicated by the state to the city’s water crisis to $70 million.

Squire Patton Boggs, a leading muni bond firm, is merging with the San Francisco-based international litigation firm of Carroll, Burdick & McDonough.

The Midwest lagged the national uptick in issuance last year as the conservative region did take advantage of low interest rates to refund debt but held tight the purse strings on new money borrowing.

The spat between Illinois Gov. Bruce Rauner and the Chicago Public Schools could threaten the school district's authority to borrow, if the governor gets his way.

Wayne County, Michigan’s outlook is now stable, according to Moody’s Investors Service, which revised the outlook on its junk-level rating upward from negative.

Moody's Investors Service slashed Ohio-based Cardinal Local School District's rating down to junk grade following the district's default on a December 2015 bond payment.

St. Louis and Missouri leaders say they won’t waver in paying off Edward Jones Dome bonds, though the stadium’s National Football League’s tenant has decamped for California and state lawmakers may balk.

North Dakota lost its Standard & Poor's triple-A rating because of the impact of oil price volatility on the state's economy.

The Illinois Board of Education has opened an investigation of Chicago school finances, the latest sign tensions between Chicago Public Schools and Gov. Bruce Rauner.