State of Illinois

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.

The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.

The concerns have arisen in the weeks following a round of budget negotiations that was particularly tough for several states.

The Illinois governor says he will use his amendatory veto powers to shift some Chicago school aid to other districts.

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.

Municipal bond traders are returning to work on Monday set for the week’s $7.66 billion new issue calendar. The slate is composed of $3.99 billion of negotiated deals and $3.67 billion of competitive sales.

The primary municipal bond market will keep chugging along next week, with participants set to see more action than they did in a fast and furious past week.

Municipal bond traders are waiting to see how much volume the market will encounter next week as they eye volatile muni yields.