Midwest

Moody's Investors Service put Detroit's already junk-rated unlimited tax general obligation bonds and $4.6 billion of A1-rated water and sewer debt on review for possible downgrade.

Low borrowing rates, high unemployment in the construction trades, and an expiring lease at its current home give urgency to the Minnesota Vikings' desire for a new home, team officials told lawmakers at a Minnesota Senate committee hearing this week.

Fitch Ratings downgraded Michigan's largest county to BBB-plus from A-minus, warning that it will take years for it to overcome deficits amid a weak economy.

CHICAGO — Indiana got an unexpected $288 million budget boost after detecting a computer programming error that failed to transfer revenue to the state's general fund, Gov. Mitch Daniels announced Tuesday.

CHICAGO — The bondholder-owned St. Louis convention center hotel complex is back on the selling block with consultants lining up potential bidders in hopes of closing on a deal next year, the bond trustee reported in an investor notice.

North Dakota public finance officials will halt all local general obligation bond deals conducted through the state starting Jan. 1 for at least the next six months as they await the outcome of a controversial measure to abolish property taxes.

The privatization of the Ohio Turnpike would likely be a positive for debt holders, Moody’s Investors Service said in a market comment this week.

Moody’s Investors Service last week dropped Taylor’s general obligation limited-tax rating three notches to Baa3 from A3.

Michigan Gov. Rick Snyder last week appointed a seven-member review team to examine Inkster’s finances after a preliminary review found evidence of fiscal stress.

Standard & Poor’s revised its outlook to stable from negative on the Southern Illinois University Board of Trustees’ A-plus due to improved operations.