Midwest

U.S. Secretary of Energy Steven Chu along with Illinois Gov. Pat Quinn and Chicago Mayor Rahm Emmanuel unveiled plans for a next generation battery hub in suburban Chicago.

Moody's has assigned an issuer credit rating of Baa1 to Presence Health, the new health care system created by the merger late last year of Resurrection Health Care and Provena Health.

The federal bankruptcy court in Chicago has signed off on a suburban Chicago retirement community's reorganization plan that relies on a $90 million bond issue to restructure its $116 million 2006 issue.

Moody's Investors Service for the third time this year downgraded Detroit Wednesday, warning that a razor-thin cash cushion, political instability, and the recent overturn of the state's emergency management are pushing the city closer to bankruptcy or default.

Kentucky has chosen Walsh Construction Co. to build the so-called “downtown crossing,” Kentucky’s share of the massive Ohio River Bridges Project.

Missouri's Mercy Health saw strong retail and institutional interest on its $250 million new-money issue for capital projects -- including the replacement of its Joplin hospital destroyed by a May 2011 tornado.

Michigan senators Tuesday approved a bill that is part of a larger legislative package to create a bond-issuing regional transit system for the Detroit metro area.

The Ohio Department of Transportation last week issued a request for qualifications from firms interested in partnering on the state’s first public-private partnership project, a $332 million bridge in downtown Cleveland.

Fitch Ratings upgraded the Missouri Joint Municipal Electric Utility Commission revenue bonds issued for the controversial coal-fired Prairie State Energy project one notch to A now that the plant is fully operational.

Minneapolis Special School District No. 1 won an upgrade from Moody’s Investors Service in recognition of its strong fiscal performance.