Midwest

Fitch Ratings slapped the Chicago Board of Education with a one notch downgrade to A-minus over its budgetary woes driven by a years-long reliance on one-shots to erase red ink.

After a preliminary review, Michigan declared that no financial emergency exists in the East Detroit school district.

Columbus, Ohio-based law firm Bricker & Eckler LLP has hired a new attorney, Catherine Swartz, for its public finance group.

Standard & Poor's revised its outlook to negative on Western Michigan University Board of Trustees, warning that the university faces growing pressure from its debt load.

Macon & Dewitt Counties' Community Unit School District 2 in Central Illinois is at risk of losing its investment grade rating over its fiscal struggles.

Standard & Poor's has lifted the Chicago suburb of Downers Grove's general obligation rating to AAA after applying its new ratings criteria to a review of the credit ahead of a planned refunding.

CHICAGO — A key bankruptcy hearing on Detroit’s proposed settlement with interest-rate swap counterparties set for this week was delayed Monday to allow negotiations with bond insurers and other creditors to continue.

Minnesota launched its search for underwriters interested in working on state appropriation-backed bond issues for the Minnesota Vikings football stadium.

Moody's Investors Service on Friday placed Illinois-based Proctor Hospital's speculative-grade B2 rating on review for upgrade due to its signing of an affiliation agreement with the stronger and larger Methodist Health Services Corp.

Detroit is expected to ask the judge overseeing its bankruptcy to safeguard a revenue source it wants to use to back debt for repairs to its notoriously broken down public lighting system.