Midwest

Ohio's Promedica Health is bringing $320 million of low double-A rated hospital bonds to market Thursday, a day after publishing a supplement to bond documents informing investors of a potential merger in the works.

The Federal Highway Administration filed a motion Tuesday dropping its appeal of an adverse lower court ruling that the government illegally approved the controversial $1.5 billion Illiana toll road project.

Mayer Brown attorney Tyrone Fahner, head of an influential Chicago business group's civic arm, had strong words for the state's three most powerful politicians this week at a high-profile annual luncheon.

Chicago Mayor Rahm Emanuel on Tuesday began the hard sell for a record property tax increase to make good on the city’s enormous police and fire pension bill.

Chicago plans as much as $3 billion of airport, wastewater revenue, and general obligation borrowing -- mostly for refunding and restructuring purposes -- that officials say can’t wait on an improved market climate for city debt.

Columbus-based Umbaugh has acquired Prism Municipal Advisors, a well-known Ohio financial advisory firm.

Chicago's fiscal reckoning is at hand as Mayor Rahm Emanuel is set to unveil his 2016 budget on Tuesday with investors and analysts watching closely to see how he plans to solve the city's fiscal ills.

After getting hit with multi-notch downgrades on its water and sewer bonds, the Indianapolis suburb of Carmel is considering raising its utility rates.

Standard & Poor's stripped Lawrence, Wis. of its investment grade rating after learning of the risky terms in the municipality’s direct placement debt contracts.

Wayne County, Mich.’s disclosure that the IRS is auditing $200 million of bonds is a credit negative, because the cash-strapped county could have a hard time covering the costs of the federal interest subsidy if is lost, Moody’s Investors Service said Friday.