Southwest

Midwestern University is making private loans to students in partnership with the Glendale Industrial Development Authority and the Illinois Finance Authority, which are coming to market with a total of $30 million of bonds that will fund additional lending.

Three years after entering investment banking in earnest, Frost Bank is building relationships with Texas issuers, including hometown clients like the San Antonio Independent School District.

Moody’s Investors Service maintained a negative outlook after downgrading Polk County, Texas, to A2 from A1. Analysts cite the county’s dependence on oil and gas and loss of revenue from a private jail that defaulted on its debt.

A new Texas law that increases contributions to the state employees’ pension plan will add support to the Lone Star State’s triple-A credit rating, according to Moody’s Investors Service.

The wettest May on record, in which the state of Texas averaged nearly nine inches of rain for the month, has brought an end to the state's four-year drought, according to Fitch Ratings.

Glendale Ariz.’s decision to cancel a 15-year contract with the Arizona Coyotes professional hockey team is a positive credit factor for the A3-rated city, according to Moody’s Investors Service. Standard & Poor’s sees negative implications in a pending $200 million lawsuit.

With the longest legislative session in Kansas history nearing its end, House members finally found the 63 votes needed to close a $400 million deficit with a sales-tax increase.

Two years after agreeing to subsidize the National Hockey League’s Arizona Coyotes in the city-owned Arena, the Glendale, Ariz., City Council has voided the deal that costs the city $15 million per year.

Despite a slump in oil prices, Texas sales tax revenues rose 5.2% in May compared to the same month last year, Comptroller Glenn Hegar said.

Texas Comptroller Glenn Hegar certified a $209.4 billion state budget passed by the Legislature and headed to the desk of Gov. Greg Abbott.