News and Information from Bond Buyer

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.

Jan. 12, 2017 Southeast: Plain/Insured GO Yield Curve* Southeast: General Obligation Yield Curves for Sept. 8, 2015 Southeast: General Obligation Yield Curves for Jan. 10, 2017 State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.97 1.72 2.32 3.09 Florida Aa1/AAA/AAA 0.95 1.76 2.36 3.12 Georgia Aaa/AAA/AAA 0.95 1.67 2.22 2.97 Kentucky Aa2/A+/AA? 1.00 1.83 2.44 3.21 Louisiana Aa3/AA/AA 1.04 2.05 2.77 3.55 Mississippi Aa2/AA/AA 0.98 1.77 2.40 3.19 North Carolina Aaa/AAA/AAA 0.95 1.67 2.21 2.96 South Carolina Aaa/AA+/AAA 0.95 1.68 2.26 3.00 Tennessee Aaa/AAA/AAA 0.95 1.68 2.23 2.97 Virginia Aaa/AAA/AAA 0.94 1.66 2.20 2.95 West Virginia Aa1/AA?/AA 0.98 1.77 2.41 3.17

1/11/2017 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 7 $143,370 6 $137,055 6,315 Florida 7 290,185 6 395,245 ?105,060 Georgia 3 112,645 2 56,660 55,985 Kentucky 7 122,820 2 76,700 46,120 Louisiana 2 128,460 1 42,235 86,225 Mississippi 1 223,630 1 223,630 0 North Carolina 1 25,000 1 25,000 0 South Carolina 3 71,220 1 18,220 53,000 Tennessee 1 457,250 0 0 457,250 Virginia 2 450,815 0 0 450,815 West Virginia 0 0 0 0 0

Thursday, January 12 Issuer St Description Amount

Thursday, January 12 Issuer St Description Amount

Tuesday, January 17 Issuer St Description Amount

Week Of January 9 Issuer St Description Amount

ARKANSAS

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Dallas’ unresolved Police and Fire Pension crisis brought another downgrade Wednesday as S&P Global Ratings dropped the city to AA-minus and retained a negative outlook.

Illinois opened its new legislative session Wednesday with a renewed warning from Fitch Ratings that the clock is ticking on a possible downgrade if lawmakers and Gov. Bruce Rauner can’t break their budget stalemate.

The Puerto Rico Energy Commission announced approval of a final electrical rate increase 21% lower than the provisional rate increase it had approved in June.

Government

A UN expert said the social and economic needs of Puerto Ricans should take precedence over the island’s debt payments.

Top quality municipal bonds finished stronger on Wednesday, according to traders, who saw a substantial wave of new issuance hit the screens, led by deals from New York State’s TSASC, the U.S. Virgin Islands, and the state of Wisconsin.

Indiana Gov. Eric Holcomb unveiled a nearly $31.8 billion, two-year spending plan he said achieves his education funding and economic development goals while preserving the state's reserves and top credit marks.

The Municipal Securities Rulemaking Board has agreed to clarify certain definitions and extend the effective date for proposed rule changes on complaints in response to market participants' concerns, but will not move forward with changes to address several other issues participants raised.

An eventful year lies ahead for Louisiana with a special legislative session potentially necessary to address yet another budget shortfall and continued recovery efforts from last year’s disastrous floods.

The New York City Industrial Development Agency approved $195 million in tax breaks for Related Cos. and Oxford Properties for their planned Hudson Yards office tower.

The planned 2021 closure of Indian Point nuclear power plant has no immediate credit impact for New York State local governments that depend on the facility's payments in lieu of taxes, according to S&P Global Ratings.