Illinois Finance Authority

The Better Housing Foundation's Chicagoland suburban bond portfolios are now experiencing bond covenant and payment defaults.

The Illinois Finance Authority and Chicago closed on the first property assessed clean energy bond deal in the state and authorization is in place for more.

The municipal market will get a pause from the breakneck issuance, as things will slow down for Thanksgiving but should pick up right where they left off the first week of December.

Ahead of the deal, Moody's revised its outlook on the hospital system's Aa3 rating to positive from stable.

Moody's Investors Service cut OSF Healthcare System to A3 from A2.

Other debts are piling up that could make it harder to craft a solution favorable to holders of the affordable housing bonds, the trustee said.

Buyers and sellers also look at how transition bonds can help advance firm’s climate targets.

The two suburban affordable housing portfolios are owned by the Ohio-based Better Housing Foundation.

Nonprofit healthcare consolidation continues with two big multi-state deals.

Better Housing Foundation defaulted on $84 million of bonds and lacks funds to maintain the properties.