State of Illinois

Paul Chatalas, who has both a public finance and public policy background, took over as capital markets director Tuesday.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

The rating agency moved its outlook for Illinois to stable from negative, citing budget progress and an April tax windfall.

The complaint that seeks to void repayment of $14.3 billion of debt awaits a court decision on whether it can move forward.

Municipal bond buyers saw more supply come to market in Wednesday as retail investors kept up their confidence in tax-free bond funds.

The suit is "a policy paper masquerading as a complaint," the state says, but it may still push up Illinois' borrowing costs while it is active.

Investor demand for New York City bonds allowed underwriters to move the sale up by a day.

As summer sizzles, this week’s hottest deals can be found in the municipal bond market.

Illinois is building a foundation to chip away at the state’s massive fiscal challenges, according to Deputy Governor Dan Hynes.

New-issue supply started to trickle into the market Monday, a thin stream that will turn into a torrent by week’s end.