Midwest

CHICAGO - The Wayne County, Mich., Airport Authority, which runs Detroit Metropolitan Airport, will come to market Thursday with $127 million of refunding bonds.

CHICAGO - Promedica Health System will hold a retail order period Wednesday followed by institutional pricing Thursday for $145 million of refunding bonds.

Illinois lawmakers wrapped up a two-week veto session late last week by approving a package that authorizes $2.4 billion in revenue bonding authority to end the state's reliance on federal loans to fund its unemployment insurance program.

Minnesota aims to cast off headline risks tied to the tobacco sector next week when it sells $787.6 million of tobacco bonds by using a conservative structure that limits final maturities and ensures bondholders are paid even if cigarette consumption dips far more annually than expected.

Michigan would issue $3.2 billion or more of bonds to repay federal loans for unemployment benefits under a pair of bills that the Senate Finance Committee unanimously approved Wednesday.

CHICAGO - Michigan Gov. Rick Snyder has declared that Flint is in a state of financial emergency, setting up the long-struggling city for a state takeover.

CHICAGO - The Illinois Finance Authority board signed off on three new financings at its meeting Tuesday, including the first to take advantage of its new cross-border conduit issuance powers.

CHICAGO - The Omaha Public Power District, one of the nation's highest-rated utilities, comes to market next week with $300 million of electric system revenue bonds.

Moody’s Investors Service downgraded Manitowoc two notches to A1 from Aa2 and assigned a negative outlook due to its structural budget imbalance.

Wisconsin’s not-for-profit hospitals last year generated $28 billion in economic activity and provided $1.4 billion in community benefits, according to new studies.