Employee benefits

The rating agency cited concerns about limited unrestricted reserves for lowering its rating outlook for more than $1 billion of debt.

The rating for Baylor Scott & White Health in Texas was upgraded, while Presbyterian Healthcare Services in New Mexico was downgraded by Moody's.

A federal court has given an outside debtor-in-possession loan "superpriority" over the bondholders' lien.

The ratings agency cited weaker than expected financial performance in fiscal 2024 and a slow anticipated recovery in coming years.

The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.

Something less than $400 million of the bonds will be taxable bonds.

PREPA says it is short on money and Genera's parent company has said it may go out of business.

Independent Financial Group, LLC failed to ensure its employees were offering low-cost options to retail customers looking to rollover a 529 plan to another state.

A bankrupt city's only asset is mired in its history of corruption and a statewide fight over utilities privatization.

Bondholders are prepared to loan up to $22 million to the hospital.

Pension analysts are calling for higher contributions even as financial conditions improve.

Cook County released its $9.89 billion executive budget recommendation, with officials saying it includes no new taxes or layoffs.

Houston-based Texas Children's Hospital plans to sell about $222 million of tax-exempt, fixed-rate revenue bonds this week.

Eisner Advisory Group Partner Allen Wilen is the chief restructuring officer for Jackson Hospital & Clinic.

Fitch upgraded Chicago's issuer default rating and GO debt rating to A-minus from BBB-plus and the city's sales tax securitization bonds to AAA from AA-plus.

While it may cost the city more to sell its bonds, the negative outlook could increase market participation, one analyst said.

The county commission gave final approval to a nonprofit hospital bond and preliminary approval to a county government bond.

The system, along with UT Southwestern Medical Center, plan to build a $5 billion pediatric health campus in Dallas.

The 0.34% sales tax rate increase would raise an estimated $70 million annually for Colorado's only safety net healthcare provider.

Congress has taken no significant action on bills that would stop the depletion of the United States Virgin Islands' government pension system for 21 months.