Midwest

Standard & Poor's signaled that Fairview Health Services in Minnesota could win an upgrade over the next two years due to its strong business position and improved governance and management.

Lawyers for Minnesota Management and Budget and for citizens challenging the state's $468 million bond issue for a new Vikings football stadium laid out their cases with the Minnesota Supreme Court.

Wisconsin Gov. Scott Walker plans to outline tax cut proposals in his state of the state proposal he said are affordable due to new revenue estimates that project a more than $900 million surplus in the current budget

Nebraska Gov. Dave Heineman said the state has recorded a record-high cash reserve and that he will push lawmakers to pass $500 million in tax cuts this year.

Bond insurer Syncora Guarantee Inc. asked the bankruptcy court overseeing Detroit's Chapter 9 case to delay the city's effort to secure a $120 million debtor-in-possession financing, saying the loan may need to be restructured in light of the court's rejection of a related swaps settlement.

Lawyers for Minnesota and for citizens challenging the legality of the state's $468 million appropriation-backed bond sale for the Vikings football stadium faced a Thursday deadline to make their case for a Minnesota Supreme Court review.

Bankruptcy Judge Steven Rhodes rejected a $165 million settlement with Detroit's interest-rate swap counterparties, delivering a major blow to the swap counterparties and a victory for the city's bond insurers, retirees, and pension funds.

Minnesota Gov. Mark Dayton is promoting a nearly $1 billion capital bonding package as a means to create more than 27,000 jobs while investing in statewide infrastructure improvements.

The Chicago Infrastructure Trust's inaugural financing had to shrink to $13 million from $27.5 million and alter other terms to reduce investor risk in order to secure a lender.

Michigan Gov. Rick Snyder has reportedly asked lawmakers to come up with $350 million to match private foundations' commitment to support Detroit's pension funds and art collection.