Midwest

Illinois spreads tightened considerably after ratings upgrades earlier this year. The state saw up to 10 bidders on $875 million of taxable and tax-exempt GOs.

The city has made some important progress on the expenditure side, but the new mayor's first budget didn't make similar strides on revenues, according to Fitch.

Final responses are due by Dec. 8 from muni underwriters who want to be on Wisconsin sale syndicates.

St. Louis County Council approved $155 million in tax breaks for the company and the state added $37.7 million to the pot.

The Metropolitan Airports Commission will sell about $125 million of bonds to complete its share of financing for the largest interior renovation of 61-year-old Terminal 1.

The Bond Buyer's Deal of the Year awards will mark the 22nd year it has recognized outstanding achievement in municipal finance. The event, to be held Dec. 5 in New York City, will also include the presentation of the Freda Johnson Awards for Trailblazing Women in Public Finance.

The deal will finance construction of an 800-room convention headquarters hotel as part of a wider expansion of the facility.

The top five bond financings have an average dollar volume of more than $1 billion.

The upgrade brings Illinois up to the A-minus level across the board. The state had three BBB-minus or equivalent ratings as recently as July 2021.

"Under my rule, pension-fund and asset managers are still able to offer ESG products in Missouri," said Missouri Secretary of State John Ashcroft.