Midwest

Bankruptcy Judge Steven Rhodes granted Michigan's request for an expedited hearing on a motion to quash a request to depose Gov. Rick Snyder.

Illinois' public universities are burdened by the weight of state inaction on pension reform, declining aid and tight in-state tuition regulations, according to Moody's Investors Service.

Detroit sent out its request for proposals soliciting debtor-in-possession financing to a targeted group of investors late last week but they will remain confidential.

Moody's Investors Service has revised its outlook on Rush University Medical Center Obligated Group's A2 rating to positive from stable due to good operating margins.

Standard & Poor's raised the Illinois Housing Development Authority's issuer credit rating and all debt supported by its general obligation pledge to AA-minus.

Moody's Investors Service last week downgraded nearly $1.9 billion of debt issued by Omaha Public Power District amid the district's ongoing problems with its nuclear plant.

The airport in Gary, Ind. received 10 responses from firms interested in privatizing the facility and surrounding land that stretches to Lake Michigan.

Moody's Investors Service downgraded its rating on Cook County Forest Preserve to A1 from Aa2, driven by the district's mounting pension debt.

Former Chicago Comptroller Amer Ahmad – who faces federal corruption charges stemming from a previous job with the Ohio Treasurer -- played no role in city bond underwriting assignments, Mayor Rahm Emanuel said.

Lawyers for bankrupt Detroit and creditors opposed to its proposed interest-rate swap settlement met with a mediator Thursday as the city prepared to raise debtor-in-possession financing.