+++ Dollar amounts represents the amount of bonds outstanding in the issue. Rating changes that result from the purchase of the letters of credit or bond insurance for issues in the secondary market are not included. ISSUER AMOUNT CHANGE BOND (000S) TO FROM NAME COMMENTS
Apache County Industrial Development Authority, Ariz., industrial development revenue bonds, Series B 80,000 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Arlington Arms Housing Finance Corp., N.J., revenue bonds, Series 1983 2,445 AA-minus A S&P The bonds have an investment agreement from Citibank, N.A.
Bismarck, N.D., lodging and restaurant tax revenue bonds 3,755 A3 Baa1 Moody's The upgrade is based on sound financial position, substantial reserves, and no debt service reserve.
Bowie County Industrial Development Corp., Tex., industrial development revenue bonds, Series 1985 3,500 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
California Health Facility Authority, revenue bonds, Series 1983A (Valley Presbyterian Hospital) 59,430 BBB BB-plus S&P The upgrade reflects improving cash position and management's ability to manage utilization effectively in a competitive marketplace.
Carbon County, Utah, pollution control revenue refunding bonds, Series 1994 (Pacificorp. proj.) 9,365 AAA/A-1+c AAA/A-1c S&P The bonds are insured by AMBAC Indemnity Corp.
Chelan County Public Utility District No.1, Wash., hydroelectric system revenue bonds (Rock Island/Rock Reach projs.) 716,100 AA-minus A- plus Fitch The Bond Buyer was unable to obtain an explanation for the upgrade.
Clay County, Mo., general obligation refunding bonds, Series 1997 5,975 Aa3 A1 Moody's The upgrade is based on solid debt position, well-managed finances, and growth and economic diversification.
Decatur, Ala., general obligation bonds, Series 1997 66,505 Aa3 A1 Moody's The upgrade is based on sound financial management, average debt position, and diversified and growing economy.
Elbert, Ga., industrial development revenue bonds, Series 1985 5,000 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Gary, Ind., environmental improvement refunding revenue bonds, Series 1986 37,000 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Greendale, Wis., general obligation bonds 8,925 Aa3 A1 Moody's The upgrade is based on sound financial operations, manageable debt position, and affluent and mature suburb of Milwaukee.
Hamilton County Industrial Development Board, Tenn., industrial development revenue bonds, Series 1987 (Seaboard Feeds of Chattanooga Inc. proj.) 4,300 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Harris County Housing Finance Corp., Tex., multifamily mortgage refunding revenue bonds, Series 1988A (Idlewood Park Dev proj.) 8,150 AA/A-1+ A+/A-1 S&P The bonds are guaranteed by Metropolitan Life Insurance Co.
Herkimer County Industrial Development Agency, N.Y., industrial development revenue bonds, Series 1994 (Granny's Kitchen Ltd. proj.) 5,100 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which replaces one from Onbank & Trust Co.
Kansas City Development Finance Authority, Kan., revenue bonds, Series 1995 (Seaboard proj.) 9,600 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Lincoln County, Wyo., pollution control revenue refunding bonds, Series 1994 (Pacificorp. proj.) 15,060 AAA/A-1+c AAA/A-1c S&P The bonds are insured by AMBAC Indemnity Corp.
Lisle Village, Ill., multifamily housing revenue bonds (Ashley of Lisle proj.) 27,000 AA-/A-1+ AA/A-1+ S&P The bonds have a letter of credit from Lasalle National Bank, which replaces one from Credit Suisse.
Little Rock Metropolitan Center Improvement District No. 1, Ark., industrial development revenue bonds, Series 1985 6,300 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Lowell, Ark., industrial development revenue bonds, Series 1996 (Little Rock Newspapers proj.) 6,500 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Maine Public Utility Finance Bank, public utility refunding revenue bonds, Series 1996 15,000 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Menomonie Area School District, Wis., general obligation promissory notes 9,800 SP-1+ SP-1 S&P The upgrade reflects Standard & Poor's determination of the district's ability to demonstrate strong market access as defined under the short-term note criteria.
Miami, Fla., general obligation bonds 11,800 BB B S&P The upgrade reflects city's progress in restoring fiscal stability including revision of current year's budget to address accumulated deficit and adoption of credible five-year financial plan.
Missouri Environmental Improvement and Energy Resources Authority, water pollution control revenue bonds, various series 200,000 Aa1 Aa2 Moody's The upgrade is based on sizable reserve funds, average credit quality and primary bond security.
Moffat County, Colo., pollution control revenue refunding bonds, Series 1994 (Pacificorp. proj.) 40,655 AAA/A-1+c AAA/A-1c S&P The bonds are insured by AMBAC Indemnity Corp.
Montgomery, Ala., general obligation warrants, Series 1997A 68,165 Aa3 A1 Moody's The upgrade is based on substantial institutional base, sound financial management, and low debt position.
Nashville & Davidson County Metropolitan Government Industrial Development Board, Tenn., multifamily housing revenue refunding bonds, Series 1993 A&B 6,200 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
New Jersey Economic Development Authority, economic development revenue bonds, Series 1983 7,000 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
New York State Dormitory Authority, revenue bonds (Rochester Institute of Technology) 4,370 A-plus A S&P The upgrade reflects improved financial and demand profile.
Oklahoma Development Finance Authority, revenue bonds, Series 1997 (Seaboard Farms, Inc. proj.) 10,000 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Olathe Water & Sewer, Kan., water and sewer system refunding and improvement revenue bonds 41,305 A3 Baa1 Moody's The upgrade is based on improved finances, above average socioeconomic levels, and adequate debt service.
Phelps-Clifton Springs Central S.D., N.Y., revenue bonds 21,611 Ba1 Baa1 Moody's The downgrade is based on poor financial management high debt burden, and expected deficit.
Rhode Island Industrial Facilities Corp., electric facilities revenue bonds, Series 1984 7,000 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Schaumburg Township District Public Library, Ill., general obligation bonds, Series 1997 13,925 Aa3 A1 Moody's The upgrade is based on strengthening of financial position and substantial and diverse tax base.
South Carolina Housing Finance & Development Authority, housing revenue bonds, Series 1985 (Hampton Pointe Apts. proj.) 7,500 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Southeast Industrial Development Agency, N.Y., industrial development revenue bonds, Series 1996 (Rawplug Company, Inc. proj.) 6,000 AA- /A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
St. Louis County, Mo., general obligation bonds 160,100 AAA AA- plus Fitch The upgrade reflects the county's low debt burden, large well diversified tax base, high wealth levels, and solid economy.
St. Louis County, Mo., refunding bonds, Series 1993B (convention & sports facility proj.) 68,000 AA A-plus Fitch The upgrade reflects the county's low debt burden, large well diversified tax base, high wealth levels, and solid economy.
Tulsa Industrial Authority, Okla., industrial revenue bonds, Series 1984 6,500 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Waterloo, Iowa, general obligation bonds, Series 1997 58,000 A3 Baa1 Moody's The upgrade is based on strengthening financial position, manageable debt and financial management.
West Feliciana Parish School Board Consolidated School District No. 1, La., general obligation bonds 10,165 A3 Baa1 Moody's The upgrade is based on favorable debt position, satisfactory financial performance, and growth in local economy.
Wichita, Kan., pollution control refunding revenue bonds, Series 1985 6,590 AA-/A-1+ A+/A-1 S&P The bonds have a letter of credit from Bank of New York, which was upgraded.
Worthington City School District, Ohio, general obligation bonds 74,001 A1 A Moody's The upgrade is based on growing tax base, manageable debt burden, and improving financial position. ===
