News and Information from Bond Buyer

Chicago's efforts to solve its pension funding crisis could negatively impact O'Hare International Airport's growth prospects, Moody's Investors Service warns in a new report that otherwise offered the city good credit news in affirming the airport's debt.

Illinois-based OSF Healthcare System won an upgrade ahead of its September new money and refunding sale for $367 million in recognition of its improved financial performance.

Vermont State Treasurer Beth Pearce has been honored by the National Association of State Auditors, Comptrollers and Treasurers (NASACT) for national leadership in state government transparency.

The Chicago Park District's steep yield premiums drew strong interest in the agency's Aug. 27 sale as the penalties nearly doubled on some maturities when compared to a June 2014 sale that carried the same published ratings.

While growth rates and the trajectory of the economy have improved considerably, Oregon is not yet fully healed from the recession and may suffer from the retirement of older workers, the state's economic forecast showed.

The Detroit suburb of Allen Park wants bondholders to sell back at par $31 million of bonds floated for a now-failed film studio that the city blames for a long financial decline.

Prices of top-shelf municipal bonds ended steady to stronger on Friday, according to traders, with yields on most maturities unchanged to one basis point weaker.

Illinois Gov. Bruce Rauner's administration won't move to extend its contract with financial budget consultant Donna Arduin after its Aug. 28 expiration.

West Jefferson Medical Center, La.'s bond ratings were cut three notches to Ba2 due to a "precipitous" downturn in operating performance, Moody's Investors Service said.

Washington State is racking up court-imposed penalties approaching $2 million, a positive for the credits of school districts in the state, Moody's Investors Service said this week.

New York City paid out $495 million in settlements and judgments in fiscal 2013 and a further $550.3 million in 2014, said city Comptroller Scott Stringer.

State lawmakers have authorized more than $8 billion of new road bonds in 2015, with billions more of new revenues up to the voters in fall elections.

Kym Arnone, the current chair of the Municipal Securities Rulemaking Board, has left Barclays Capital, according to a company spokesperson.

New Hampshire's Carroll County is in the midst of a financial crisis with a $2 million deficit that needs to be plugged this year after revenues were overestimated

Market volatility will play a role in the timing of liftoff, according to Federal Reserve Board Vice Chair Stanley Fischer, who noted, "we've got time to wait" before making a rate decision.

Detroit snagged investment-grade ratings from Moody's Investors Service on its senior-lien water and sewer debt for the first time since before the city filed for bankruptcy.

Prices of top-shelf municipal bonds were steady to stronger at mid-session, according to traders, with yields on most maturities unchanged to one basis point weaker.

A Rhode Island judge ordered the release of all documents in the state's lawsuit over the failure of 38 Studios, the video game owned by former Boston Red Sox pitcher Curt Schilling.

The California Supreme Court declined to review an appeals court's decision on a contested financing method used by Fresno Unified School District.