Far West

WASHINGTON — Industrial production rose 1.0% in September, the Federal Reserve reported Thursday.

The California County Tobacco Securitization Agency on Oct. 21 plans to price a $95.5 million refunding of 2002 tobacco bonds issued for the Kern County Tobacco Asset Securitization Agency.

Total revenues for the month of September, which ended the state's first fiscal year, came in above estimates at $9.8 billion.

Delivery of the Official Statement satisfies MSRB Rule G-32 - but not the new Time-of-Trade Disclosure Rule, MSRB Rule G-47.

Moody's Investors Service on Oct. 13 downgraded Long Beach, Calif. Airport Enterprise to A3 from A2 and revised the outlook to stable from negative affecting $117.5 million in outstanding senior airport enterprise revenue bonds.

Washington is planning to sell $765 million of general obligation bonds in a refunding deal on Wednesday.

Fitch Ratings upgraded Rady Children's Hospital and Health Center in San Diego to AA-minus from A-plus.

The new Enhanced Infrastructure Financing District law signed by Gov. Jerry Brown last month is a credit positive for California's local governments, says Moody's Investors Service.

Other Post Employment Benefit liabilities, particularly retiree healthcare, could overtake pension liabilities as an issue for municipalities and investors,

At The Bond Buyer's California Public Finance Conference, Schiff Hardin's Rick Frimmer discussed the implications of recent developments in municipal bankruptcy.