Midwest

The University of Michigan heads into the market this week with $312 million of high-grade revenue paper to fund ongoing capital projects and refund debt.

West Fargo, N.D.'s general obligation and sales tax revenue credits were cut one level to A1 by Moody's Investors Service, which cited the city's growing debt load.

Illinois’ economic strengths and fiscal flexibility as a sovereign state won’t shield it from further credit erosion, which would move it closer to junk, Moody’s Investors Service said in a special commentary.

With a fresh upgrade in hand and the prospects of more to come, Detroit's water and sewer department is selling its final deal before handing its more than $5 billion of debt over to the Great Lakes Water Authority.

The credit picture for the already junk-rated Chicago Public Schools has become even bleaker as Standard & Poor’s placed the district on CreditWatch with negative implications.

Chicago's top-rated sales tax credit took a three notch blow over the city's budget and pension strains.

Ohio Gov. John Kasich's signing of legislation that partially restores an expiring school funding revenue source is a credit positive for 75 school districts, Moody's Investors Service said.

Standard & Poor's stripped Ohio-based Alliance Community Hospital of its investment grade rating based on revised stand-alone, acute-care hospital criteria.

Cleveland Hopkins International Airport’s $60 million of ongoing terminal and parking projects are on time and on budget, airport officials told the City Council in a progress report Nov. 18.

Standard & Poor's has revised its outlook to positive on Whiting, Wis.'s BBB-minus rating citing new practices in place to ensure it will keeps up to date on debt service payments.