Midwest

A one-hospital system in northern Ohio with low-investment grade ratings saw its $53 million deal oversubscribed by more than four times, according to the underwriter.

The health of Illinois' pension system continued it downward spiral in the last fiscal year when unfunded liabilities rose by more than $11 billion and the funded ratio deteriorated to 40.4%, according to the Civic Federation of Chicago.

A week after voters overturned Michigan's controversial emergency management law, two of the state's six emergency managers are planning their exits and officials say the repeal could set the stage for the state's first municipal bankruptcy.

The Illinois Finance Authority advanced $430 Million in deals for projects planned by the University of Chicago Medical Center, Advocate Health Care Network, the Franciscan Communities, and the Big Ten Conference.

Moody's Investors Service revised its outlook on Milwaukee County's general airport revenue bonds to negative from stable due to recent declines in passenger levels at General Mitchell International Airport.

Voters approved a key property tax increase to raise money for Ohio’s Cleveland Metropolitan School District as the district launches a major reform effort.

Detroit Medical Center CEO Mike Duggan announced last week he will step down by the end of the year, a move largely seen as clearing the way for a run for Detroit mayor.

Detroit Chief Operating Officer Chris Brown, key aide to Mayor Dave Bing, is leaving to take a job at Vestas Americas, a wind power provider.

Mediation is set for early next year on a renovation plan for the St. Louis Rams’ professional football stadium.

Voters in Polk County, Iowa authorized $50 million of borrowing to finance environmental improvements.