News and Information from Bond Buyer

A Cook County Circuit Court judge denied Chicago’s request to keep its court-voided pension reforms in place pending an appeal.

Standard & Poor's placed Palm Drive Health Care District, Calif.'s revenue debt on negative watch due to lack of timely information.

Moody’s Investors Service upgrade Dayton, Ohio-based Kettering Health, saying the eight-hospital system has seen a strong financial performance in the last two years.

Moody’s upgraded Detroit by one notch Thursday, though leaving it deep in junk territory, as the city gears up for its first post-bankruptcy bond deal.

Cincinnati’s settlement with its unions and retirees on retirement obligations is one of the reasons why Moody’s said it revised its outlook on the city to stable from negative.

Five Louisiana universities avoided rating downgrades by Standard & Poor's because the state bolstered their 2016 budgets instead of enacting new cuts.

Prices of top-rated municipal bonds finished mixed on Thursday, traders said, as New York City’s general obligation bonds priced for institutions and the Michigan State Building Authority’s revenue and revenue refunding bonds came to market.

The Chicago Transit Authority enters the market next week with a $176 million issue to refund some of its federal grant-backed debt for savings.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating on New Haven, Conn.'s outstanding general obligation bonds to A-minus from BBB-plus.

The backers of a ballot measure to give voters direct decision-making authority over California pensions are waiting to see how the state attorney general treats it.

Moody's Investors Service said it has upgraded Detroit's issuer rating to B2 from B3.

Senators avoided an Aug. 1 shutdown of highway projects by passing the House’s three-month HTF extension.

Connecticut bond panel approval of $546 million in GO bonds, including a block of Gov. Dannel Malloy’s priority transportation, raises questions about debt load.

The National Association of Bond Lawyers has announced nominees for officers and directors of its board as well as the recipients of its awards.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon and a 2.021% high yield, a price of 99.863565.

Michigan Gov. Rick Snyder Thursday affirmed his earlier declaration that Wayne County is in a financial emergency, giving the county board until next week to choose among four partial takeover options.

Moody's Investors Service said it has upgraded Cass County, Neb.'s general obligation rating to Aa3 from A1.

Prices of top-rated municipal bonds were flat to a touch better at mid-session, traders said, as yields were unchanged to down by as much as one basis point.

New Jersey Senate President Michael Sweeney called on the federal government to provide $1 trillion of low-interest loans for states with large unfunded pension liabilities.

Lawmakers in Sacramento are trying to solve a very big and expensive puzzle: how to fund California’s estimated $5.7 billion annual infrastructure funding gap.