Midwest

The largest municipal bankruptcy in the U.S. formally ends at 12:01 a.m. Dec. 11, and Detroit will begin fresh with local control and $7 billion less debt.

A profound shift in debt management and the control of a handful of state related agencies with bonding powers may lay ahead for Illinois as the state ushers in its first Republican governor in 12 years.

Indiana University is selling $56 million of so-called green bonds Wednesday, the second public university to tap into the young market.

The Iowa Public Employees' Retirement System’s funded ratio rose to 82.7% in the last fiscal year up from 81% a year earlier.

Moody's Investors Service has shifted its outlook to positive from stable on Illinois-based Blessing Hospital's A3 rating in recognition of strong growth on its investments.

Moody's Investors Service has revised its outlook on Central Minnesota Municipal Power Agency's A3 rating to positive from stable as the agency makes progress on a high voltage transmission line project and its members have seen improved credit quality.

The Northeast Ohio Regional Sewer District is selling $412 million of mostly new-money bonds Tuesday as part of a capital plan to upgrade its sewers to meet federal standards.

Detroit emergency manager Kevyn Orr said he is leaving the city with a new budget that would have a $100 million surplus after two years.

The city of Harvey, Ill., has agreed to settle Securities and Exchange Commission charges that it misled bond investors by diverting proceeds away from the projects for which they were intended.

Williston, N.D., the small city located in the heart of the state's oil boom, can't keep up with the massive infrastructure and operating demands tied to the boom, Moody's Investors Service warned Friday.