Midwest

Moments after Janney Capital Markets cited "cracks" in the foundation of state credit quality nationwide, Pennsylvania said it would have to loan money to itself to keep running.

Moody's Investors Service has revised Minnesota-based Fairview Health Services' outlook on its A3 rating to positive from stable in recognition of steady operating improvements.

Standard & Poor's on Friday revised its outlook on University of Iowa Hospitals and Clinics' AA rating to negative from stable over the potential strains of its big capital plans.

Chicago is readying a $300 million sale for Tuesday to finance ongoing projects in a 10-year program supported by big rate hikes.

A former Wayne County chief financial officer is one of three county officials indicted Monday as part of an investigation into a $300 million bond-funded jail in downtown Detroit.

Standard & Poor's has put the ratings of two double-A level not-for-profit health systems in Illinois, Advocate and NorthShore, on Credit Watch with positive credit implications following their announcement to join forces.

Detroit and Syncora Guarantee Inc. said Monday they've reached a final settlement that is expected to accelerate the city's exit from the largest municipal bankruptcy in the U.S.

Bond insurer Financial Guaranty Insurance Co. asked the federal court to delay the Detroit bankruptcy trial for at least a week to give it time to prepare new legal strategy in light of the city's proposed settlement with Syncora Guarantee Inc.

Ohio Auditor David Yost last week testified before the Government Accounting Standards Board that asking local governments to disclose their retiree health care liability would exaggerate the amount of debt of Ohio municipalities.

Flint, in many ways a mini-Detroit, is likely to avoid bankruptcy amid improving financial conditions unless it loses a court battle over its effort to cut retiree health care costs, Moody's Investors Service says in a new report.