State of Illinois

Illinois is putting the ratings of some already strained school districts at risk, said S&P Global Ratings.

S&P cited benefits such a borrowing would offer Illinois.

Refunding deals were down substantially and new money volume also slipped.

In the latest landing of a displaced William Blair muni professional, David Abel is headed to Columbia Capital Management.

Muni traders on Friday are looking ahead to next week’s lighter new issue slate, which will be dominated by a note deal, rather than a bond sale.

Illinois' school aid logjam may hurt the ratings of some vulnerable districts in the coming months, Moody's said.

The Democratic majority wants to override the changes Republican Gov. Bruce Rauner made to its school funding package.

A debt issue to reduce its mountain of unpaid bills is stuck in Illinois' political divide.

The municipal bond market is gearing up for about $7.3 billion of new supply this week, with $2.51 of that coming from two issuers.

Little activity is expected in the municipal bond market ahead of next week’s new issue slate.

Illinois Gov. Bruce Rauner's veto of school aid legislation jeopardizes school funding and ratings, Fitch reports.

Illinois Gov. Bruce Rauner reshaped a school funding bill Tuesday, cutting CPS' piece of the pie.

The Lombard, Ill. Public Facilities Corp. is seeking to restructure its $190 million of now defaulted debt.

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.

Gov. Bruce Rauner has called the bill a “bailout” for Chicago Public Schools and plans to use his amendatory veto powers to cut funding in half.

Illinois made $740 million in Medicaid-related payments this week.

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.

Four of Illinois’ junk-rated public universities won an upgrade from S&P Global Ratings.

Illinois bonds saw a slight price bump in reaction to Moody's confirmation of the state's Baa3 rating.