Midwest

Moody's Investors Service said it has placed the Baa1 rating of Crittenton Hospital Medical Center, Mich., on review for possible downgrade, affecting $39.7 million in rated debt outstanding.

Illinois' net assets deteriorated in fiscal 2011 by $6.3 billion, bringing its deficit in the financial reporting category to $43.8 billion.

With the final step in the federal environmental review process completed this week, the $2.6 billion Ohio River Bridges Project will allow Kentucky and Indiana to award construction contracts before the end of the year and the spans will serve to ease congestion across the Ohio River, said U.S. Transportation Secretary Ray LaHood.

Oil boom revenue means North Dakota expects an $850 million budget surplus. Voters also rejected a plan to eliminate property taxes.

Detroit will pay yields ranging from 1.72% to 5.30% on $667 million of new-money and refunding sewer revenue bonds that the city's sewer department priced Wednesday.

CHICAGO — Traffic between Michigan and Canada may not be sufficient in the short term to justify construction of a new $3.5 billion trade bridge between the two countries, but that will likely change over the long term, Fitch Ratings said in a commentary released this week.

CHICAGO — Local governments in Michigan would be able to issue municipal bonds to pay off their unfunded pension liabilities if they close their pension plans, under legislation passed by the Senate last week.

Fairview Health Services got hit with a downgrade from Moody’s Investors Service and a warning of further negative action due to fiscal 2011 operating losses and potential fallout from the state attorney general’s probe into its bill collection practices.

The Detroit City Council last week approved the two final positions on the financial advisory board that will oversee the implementation of the city’s consent decree with Michigan.

A Franklin County appeals court last week dismissed a lawsuit that sought to block JobsOhio, a new private nonprofit firm that seeks to purchase Ohio’s liquor distribution system for $1.2 billion.