Midwest

Investors holding about $27 million of bonds issued for a failed sucralose plant in Moberly, Missouri have reached settlements with the financial firms they sued in state court, weeks after a federal class-action case was settled.

Allen Park, Mich. received a positive review from Standard & Poor's for its advancing efforts to shed some its troublesome $26.3 million of debt issued for a failed film studio, with an upgrade for the still speculative-grade credit.

Moody's Investors Service had more upgrades than downgrades in the third quarter of 2015, and the upgrades also affected a larger dollar amount of debt than its downgrades.

Wisconsin heads into the market Monday with $42 million of environmental improvement fund revenue bonds that mark its inaugural outing under a new triple-A rated credit expected to benefit both the state and pool borrowers.

Standard & Poor's revised its outlook on the Iowa Board of Regents' University of Iowa Hospitals and Clinics to stable from negative after a decision to trim capital spending.

Moody's Investors Service dropped Minnesota-based Amherst H. Wilder Foundation's rating by two levels to A3 over its fiscal struggles that have led to endowment draws.

Concerns over the size of Cook County, Ill.'s sales tax hike to shore up pensions overshadows other accomplishments in board President Toni Preckwinkle's proposed budget, the Civic Federation of Chicago said.

Hawkins Delafield & Wood LLP is opening a new office in Ann Arbor, Mich., the firm announced Thursday.

Voters across the Midwest elected new leaders, embraced the borrowing pleas of some school districts while nixing others, and rejected a controversial marijuana initiative in one state.

Illinois Gov. Bruce Rauner hired financial advisory specialist Kelly Hutchinson from the firm A.C. Advisory to manage its debt as capital markets director.