Midwest

Illinois’ unfunded pension obligations worsened slightly in fiscal 2015 while the funded ratio showed modest improvement, according to the Civic Federation of Chicago.

Stepping into the state budget fray, the Illinois Finance Authority expects to soon finalize a $115 million state moral-obligation backed financing to speed up overdue payments for essential goods and services.

Detroit-based Henry Ford Health System will acquire Allegiance Health, a union that offers benefits for both in what marks the latest in an ongoing wave of healthcare consolidations.

Chicago’s water enterprise credit was removed from Fitch Ratings’ negative watch list in recognition of its resolution of liquidity strains tied to downgrades that triggered defaults on bank contracts.

The fiscally stressed Detroit Public Schools’ latest financial results offer a mixed bag as its general fund deficit grew but at a slower pace than expected.

A lengthy battle between a bond trustee and bankrupt Chicago-area hockey arena operator Leafs Hockey Club over $20 million of unrated bonds is nearing an end.

Lawrence, Indiana’s waterworks utility lost its investment grade level rating after being hit with a three notch downgrade from Standard & Poor’s.

Chicago’s unfunded pension obligations could continue to swell for at least the next decade, even under a best-case scenario, Moody’s Investors Service concludes in a new report.

Michigan’s recent adoption of a $1.2 billion road funding package was labeled a positive credit factor for the state’s transportation revenue bonds by Moody’s Investors Service.

Missouri has turned east to New Hampshire for a new head of transportation.