City of Chicago, IL

The rating agency said it doesn’t expect the budget to directly result in any local government rating changes, though school districts remain vulnerable to a possible impasse over funding.

Veteran Chicago-based banker Elizabeth Coolidge is headed to UBS from PNC.

Chicago has good news to share as investors return to town, though pension and school woes loom large.

The fate of Illinois’ fiscal 2018 appropriation for school districts remains up in the air with a showdown looming between Gov. Bruce Rauner and the General Assembly’s Democratic majority.

Chicago school officials pledged to open on time after Labor Day.

The lockbox provision could allow issuers to borrow at higher ratings, but may punish existing bondholders.

The Chicago-based investment banking firm said Tuesday it will drop its municipal sales, trading, and underwriting business.

Fitch took Illinois off negative watch, while keeping a negative outlook on its BBB rating.

The end of the two-year budget drought in Illinois is a mixed bag for “downstream” credits.

Chicago is expected to take advantage of the new debt vehicle authorized in the Illinois budget.

Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.

Moody's Investors Service said it has placed Chicago's Ba1 general obligation rating under review for possible downgrade.

If the Illinois House succeeds in overriding Gov. Rauner's budget veto, Chicago's pension restructuring becomes law.

A proposed ordinance calls for Chicago to funnel more money to two pension funds without state action.

Top-shelf municipal bonds were flat at midday as traders take a break from the primary on Friday to look ahead to next week’s new issue slate. an estimated $6.82 billion.

Municipal bond traders are taking a break from the primary on Friday to go through the long list of deals that priced this week and put them into their order books.

Municipal bonds ended steady on Tuesday as billions of dollars in new supply hit traders' screens, led by competitive bond deals from the states of Georgia and Massachusetts and Chicago's O'Hare airport.

The municipal bond market saw billions in new supply hit the screens on Tuesday, led by big competitive bond deals from the states of Georgia and Massachusetts and a competitive note sale from a New York issuer. Municipal bond prices were steady in quiet trading at mid-session.

Municipal bond traders are getting ready to see lots of new deals hit the market on Tuesday, with several large competitive sales coming from issuers in Georgia and Massachusetts.

Municipal bonds finished unchanged on Monday as a big New York City deal was offered to retail buyers.