Midwest

Detroit’s old water and sewer debt is now investment-grade across the board for the first time since the city left bankruptcy.

The head of the agency that accredits Illinois' state universities issued a warning to state leaders as the schools struggle in the absence of state funding because of a continued budget stalemate.

Cleveland expects $17 million in savings on its $151 million refunding issue for Cleveland Hopkins International Airport this week.

Morgan Keegan & Co. Inc. will pay $850,000 to settle securities fraud charges brought by Missouri Secretary of State Jason Kander over the firm's underwriting of $39 million of bonds issued for a failed artificial sweetener plant.

Minnesota is offering $350 million of its high-grade state revolving paper in a competitive sale set for Tuesday.

Dallas-based Hilltop Securities has hired five investment bankers in the Midwest, including four from the Edward Jones team that quit doing negotiated deals in 2015.

North Dakota will tap the state's the state's $572 million budget reserve to the tune of $497 million to help cover a $1 billion shortfall in revenue due to a drop in oil crude prices. The state also intends to implement across-the-board budget cuts.

Gov. Rick Snyder's restructuring plan for Detroit's public school district faces concern that fiscal help may come at the expense of other school districts.

The head of Chicago Public Schools said this week’s deal may mark the end of the troubled district’s market access until it makes significant financial changes.

Long-range road funding bill approved by Indiana House calls for highway planners to study the feasibility of tolling Interstate Highways.