News and Information from Bond Buyer

Heightened concern about a potential Westinghouse bankruptcy filing resulted in negative outlooks on municipal bonds issued for new nuclear units the company is building in Georgia and South Carolina.

Congressional trio seeks revenue for infrastructure funding from tax reform as Moody’s warns of slow spending increase.

Moody’s Investors Service retained a negative outlook on Catholic Health Initiatives $5.7 billion of rated debt after lowering the healthcare giant to Baa1 from A3. The downgrade comes less than a month after a similar move by S&P Global Ratings.

JP Morgan’s 7th annual public finance transportation and utility conference in New York featured presentations from Dallas/Fort Worth International Airport and the Metropolitan Washington Airports Authority, which are taking differing approaches to financing their needs.

S&P Global Ratings said it raised its long-term debt rating on Grosse Pointe, Mich.'s existing general obligation bonds to AAA from AA-plus.

Suffolk County, N.Y., is planning to refinance $136 million of bonds this year before interest rates jump too high.

Jefferson County can refinance $500 million of outstanding limited-obligation school warrants, the Alabama Supreme Court ruled in a decision that could put the county in the bond market by mid-year.

Top-rated municipal bonds were stronger at midday, according to traders, as more volume hit the market on Wednesday.

The move to a shorter settlement cycle for munis of two instead of three business days after the trade date will take effect on Sept. 5.

Complications are threatening to even further delay the planned reopening of the No. 1 line Cortlandt Street station in New York, destroyed on Sept. 11.

Subcommittee members heard testimony about the chances for and potential fallout from attempts to renegotiate the PREPA restructuring support agreement as well as what stakeholders have been doing to help the financially troubled commonwealth.

Indicator Last Report Forecast Actual Existing Home Sales Jan.: 5.69M Feb.: 5.57M Feb.: 5.48M

Existing home sales declined 3.7% to a seasonally adjusted 5.48 million-unit rate in February from an unrevised 5.69 million sales pace the previous month, the National Association of Realtors announced Wednesday.

Municipal bond traders will be looking at declining yields as more volume is slated to hit the market on Wednesday.

Although he feels no rush, Federal Reserve Bank of Dallas President Robert Kaplan expects a total of three rate hikes this year and the start of reducing the Fed's balance sheet, according to a published report.

Mar. 22, 2017 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB 2.01 3.68 4.55 5.12 Indiana Aaa/AAA/AA+ 0.86 1.72 2.5 3.28 Iowa Aaa/AAA/AAA 0.86 1.71 2.48 3.26 Michigan Aa1/AA-/AA 0.91 1.79 2.6 3.4 Minnesota Aa1/AA+/AAA 0.87 1.69 2.42 3.17 Missouri Aaa/AAA/AAA 0.86 1.66 2.39 3.17 Nebraska NR/AAA/NR 0.86 1.74 2.55 3.36 North Dakota Aa1/AA+/NR 0.89 1.77 2.58 3.36 Ohio Aa1/AA+/AA+ 0.88 1.75 2.53 3.34 South Dakota Aaa/AA+/AAA 0.88 1.74 2.58 3.38 Wisconsin Aa2/AA/AA 0.88 1.74 2.54 3.32

3/21/2017 3/14/2017 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 4 $24,140 5 $23,605 $535 Indiana 7 52,145 8 127,050 -74,905 Iowa 5 107,905 6 101,780 6,125 Michigan 10 124,405 8 68,945 55,460 Minnesota 23 152,850 25 193,808 -40,958 Missouri 3 17,905 4 36,750 -18,845 Nebraska 2 90,865 1 4,695 86,170 North Dakota 0 0 0 0 0 Ohio 4 113,730 10 981,424 -867,694 South Dakota 1 3,965 1 3,965 0 Wisconsin 27 222,920 29 209,855 13,065

Wednesday, March 22 Issuer St Description Amount

Wednesday, March 22 Issuer St Description Amount

Week Of March 20 Issuer St Description Amount