Midwest

CHICAGO — UC Health, which operates the primary safety-net hospital in Cincinnati, is coming to market Tuesday with $207.5 million of revenue bonds to finance capital projects.

CHICAGO — The Missouri Highways and Transportation Commission will take competitive bids Wednesday on a $140 million refunding of top-rated senior-lien state road bonds in hopes of achieving about 6% to 7% in present-value savings.

CHICAGO — Michigan fiscal analysts estimate that up to 15% of $1 billion of special assessment debt issued by local governments to finance residential growth is at risk for default.

CHICAGO — Illinois Gov. Pat Quinn on Wednesday announced that $270 million from recent bond sales will go to 18 school districts, including $54 million for the Chicago Public Schools, for projects approved as part of the state’s multi-year, $31 billion capital program.

CHICAGO — Dane County — home to Wisconsin’s capital city of Madison — lost its AAA general obligation rating from Fitch Ratings as it grapples with operating deficits that city officials hope to reverse next year.

CHICAGO — Minnesota Gov. Tim Pawlenty this week signed legislation ­providing $80.3 million in aid to ­designated federal disaster areas rocked by floods in late September and storms and tornadoes in June.

CHICAGO — Detroit’s fiscal problems could act as a contagion for local governments across Michigan and the state itself, driving up borrowing costs and restricting access to credit, warns a new report by the Legislature’s independent Senate Fiscal Agency.

Moody’s Investors Service said the proposed rehabilitation plan to deal with Ambac Assurance Corp.’s segregated account of high-risk insured assets is a credit positive and, if confirmed by the courts, will put the Wisconsin-domiciled bond insurer “one step closer to an orderly run-off.”

CHICAGO — The St. Paul Port Authority and lawyers for a group of investors who hold some of its 876 Fund economic development bonds will return to court Nov. 1 as litigation over the fate of $51 million of defaulted outstanding debt moves towards a trial date.

CHICAGO — Ohio will take bids on $75 million of general obligation bonds Wednesday in the state’s first competitive sale since the 2008 market crash.