Midwest

Moody's Investors Service delivered a blow to Chicago, downgrading the city one notch to Baa2 and maintaining a negative outlook, citing daunting pension obligations.

Litigation seeking to block Chicago from implementing its 2014 pension reforms until a legal challenge is decided was put on hold at the plaintiffs' request.

Moody's Investors Service revised its outlook for Cedar Rapids, Iowa-based Mercy Medical Center to stable from negative Feb. 24, when it affirmed the medical center's A2

A state bill enabling Indianapolis to borrow $84 million for a new soccer stadium in downtown Indianapolis has sparked a debate that echoes the national debate over sports facility financing.

Standard & Poor's is warning that Chicago's "surprise" mayoral runoff could delay the city's response to a looming $550 million to $600 million hike in its public safety pension payments.

Doubts as to the quality or effectiveness of Indiana's intercept program are misplaced.

The Chicago Public Schools is seeking board approval to tinker with $700 million of debt in its portfolio.

Iowa Gov. Terry Branstad signed into law a transportation funding package that raises the state's tax on gasoline and diesel fuel by 10 cents a gallon and lifts permit fees on oversized vehicles.

Macomb County, which borders Detroit, is expected to come to market next week with $264 million of retiree health care bonds to pay off all of the outstanding OPEB obligation.

Moody's Investors Service downgraded the Cleveland suburb of Maple Heights two notches into junk territory a week after the state auditor declared a fiscal emergency and two months after the city missed payments on sewer loans to the state.