Capital markets

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Though the legal setback is "harmful" to the Chicago Park District's plan to increase pension funding, it doesn't cause a budgetary crisis, S&P said.

Morgan Stanley will run the books on several negotiated deals that are part of about $360 million in local government borrowing planned.

Weekly municipal market volume is expected to sink back below $5 billion in the coming week, making it harder for investors to price bonds.

Atlantic City's state overseer sees a “major” breakthrough following a $49 million bond sale.

The city's issuer rating from Moody's Investors Service remains mired in speculative-grade territory.

Morgan Stanley rose to No. 2 and JPMorgan slipped out of the top 5 among municipal underwriters; PFM fell to second among financial advisors.

Anna Van Degna, who was a Stifel managing director, now heads San Francisco's Office of Public Finance.

A proposed Chicago ordinance would press banks on gun control.

Alum Rock Union Elementary still faces challenges from probes into alleged fiscal mismanagement.

Michigan State University is seeing the first credit fallout from the sexual abuse scandal involving former university and Olympic gymnastics doctor Larry Nassar.

The St. Louis-based firm enters its second century of business this year.

The competitive issuance will include roughly $35 million of taxable bonds.

The largest not-for-profit health systems in Illinois and Wisconsin have cleared all regulatory hurdles to the merger.

Municipal bond volume picked up from February, prompting speculation that this year's drought in deals may soon ease.

Proponents call the move the right medicine for ailing Connecticut, while opponents say the measures are overly restrictive.

After a quarter marked by increased interest in taxable issuance, strengthened state support for local credits, and rising demand from investors seeking shelter from volatility, the municipal market is adapting to its new tax law realities.

Kroll, making its first official foray into the sovereign bond sector, gave the United States of America its top grade.

Moody's took action on four Ohio colleges, which still benefit from a state enhancement program that Moody’s affirmed at Aa2.

State government credit support will bring the junk-rated city's coming taxable bond sale up to investment grade.