State of Illinois

Reports from S&P Global Ratings and Moody's Investors Service highlight fiscal strains Chicago, Illinois and some local governments face.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.

There are no reasonable grounds for the lawsuit to proceed, said the order from Jack D. Davis II. An appeal is planned.

The state's net position worsened to negative $189.1 billion according to the CAFR, which arrived almost 14 months after fiscal 2018 ended.

The Illinois Sports Facilities Authority received a two-notch S&P Global Ratings upgrade to BBB.

Texas issues are headlining this week's slate of supply.

An Illinois circuit court judge will decide whether the case can proceed by the end of August.

Jack D. Davis II will decide by the end of the month whether to let the lawsuit challenging $14.3 billion of state debt proceed.

Chicago’s long-standing effort to host and profit from a casino will require a legislative makeover to attract financing, a report said.