Midwest

Chicago will delay a $380 million market appearance for at least a week, and may tinker with the deals’ size and composition.

Standard & Poor's hit Chicago’s water and sewer revenue bonds with a three-notch downgrade Monday due to concerns over the liquidity pressures posed Moody’s Investors Service’s downgrade.

Indianapolis is increasing its disclosure with a new web site and report that provide detailed overviews of the city’s debt and borrowing practices.

Three Minnesota cities disclosed this month that they can redeem Build America Bonds because their federal subsidy payments have been reduced due to sequestration.

With its battered credit threatened by more downgrades, Chicago heads into the bond market with a new sense of urgency to convert its floating-rate general obligation debt to fixed.

Veteran Chicago-based public finance banker Carole Brown is headed to City Hall to take charge of the city’s battered finances as chief financial officer.

Michigan lawmakers have an additional $218 million to play with as they craft a new budget, economists said Friday.

Fitch Ratings dropped Chicago's general obligation and sales tax ratings to BBB-plus from A-minus and placed them on Negative Watch over the liquidity risks posed by the city’s drop to junk by Moody’s Investors Service and its lowering of water and sewer bonds.

Standard & Poor's hit Chicago with a two-notch downgrade and warned of the possibility for a further drop by placing its ratings on CreditWatch with negative implications due to the liquidity pressures posed by its downgrade to junk by Moody's Investors Services.

Expect more downgrades for Chicago after Moody’s Investors Service dropped the city to junk, creating new liquidity concerns, warns Nuveen Asset Management LLC.