Midwest

Kroll Bond Rating Agency downgraded Chicago's general obligation bonds to A-minus from A, citing high fixed costs and one-time fixes. The outlook is negative.

Chicago's Regional Transportation Authority released a plan calling for $1.5 billion in operating funding from state and local sources and more RTA control.

The Fed may make more cuts and there's a floor forming under the Treasury market, per panelists at the Executives' Club of Chicago's Annual Economic Outlook.

S&P Global Ratings downgraded Chicago's general obligation debt to BBB from BBB-plus, saying the 2025 budget fails to address a structural imbalance.

Ohio is facing steeper than projected declines in cigarette smoking, and thus in tobacco settlement revenues, and disputes from tobacco giants over payments.

Tom Greene is retiring after 10 years at Wintrust Wealth Management. He left retirement to work for Wintrust; he also spent 40 years at William Blair and Co.

The deal will refinance some debt and take out new debt to fund an electronic records transition, renovate spaces and buy equipment.

Multiple carbon capture projects are advancing across the Midwest, but the Trump administration may change the calculus around CCS and net zero goals.

The Indiana Municipal Power Agency will issue $268.3 million of power supply system revenue bonds with a mix of new money and refunding debt.

It's the latest mark of distress for proton treatment centers financed with speculative-grade municipal bonds.