News and Information from Bond Buyer

Monday, November 7 Issuer St Description Amount

Week Of November 7 Issuer St Description Amount

Week Of November 7 Issuer St Description Amount

ALABAMA

Day Indicator Last Report Forecast Monday Consumer Credit Aug.: +$25.9B Sept.: +$18.0B Wednesday Wholesale Inventories Aug.: -0.2% Sept.: +0.2% Wednesday Wholesale Sales Aug.: +0.7% Sept.: +0.5% Thursday Initial Claims 10/29: 265,000 11/5: 260,000 Thursday Continuing Claims 10/22: 2.026M 10/29: 2.030M Thursday Budget Statement Sept.: -$136.6B Oct.: -$80.0B Friday Michigan Sentiment Oct.: 87.2 Nov.: 87.5

Fitch Ratings has upgraded the rating on the Port Authority of New York and New Jersey JFK International Air Terminal's (IAT or the terminal) approximately $1.4 billion parity special project bonds series 6 and series 8 to 'BBB+' from 'BBB'. The Rating Outlook has been revised to Stable from Positive.

Government

Municipal volume is set to plunge in the coming week as the market takes time off for Veterans Day after the Presidential election.

More than half of the top 50 local governments ranked by outstanding debt by Moody’s now have higher pension liabilities than debt, the rating agency said Friday.

Several Michigan school districts that are asking voters Tuesday for 'sinking fund' millages, local property taxes that fund major repairs and renovations to school buildings, will miss out on the expanded uses of the tax authorized by new legislation.

Newly issued Treasury securities held in stripped form increased about $4.692 billion in October to a total of $229.637 billion, the Bureau of the Public Debt reported Friday.

Hartsfield-Jackson Atlanta International Airport’s revenue bonds received a one-notch upgrade to AA-minus by Fitch Ratings, which cited a 20-year lease agreement with Delta Air Lines as a major factor behind its action.

Virginia will receive $1.65 billion from private partner that will finance and operate toll express lanes on I-66.

The par amount of municipal trades continued to grow in the third quarter of 2016, reaching a three-year high and beating the total from the third quarter a year ago by more than 50%, according to recently released Municipal Securities Rulemaking Board statistics.

Providence, R.I., Mayor Jorge Elorza said his city's three-notch upgrade from Fitch Ratings, to A-minus from BBB-minus, reflects a move in the right direction.

New York State's tax collections dipped $1.3 billion in the first half of the 2016 fiscal year that began April 1, according to State Comptroller Thomas DiNapoli.

San Francisco has completed the transfer of ownership of its public housing sites from the San Francisco Housing Authority to community-based affordable housing teams, part of a long-term bond-financed initiative begun in 2013.

A Democratic takeover of the Senate, as has been predicted by some polls, could mean good news for tax reform as well as maintaining the tax exemption of municipal bonds, according to several muni market participants.

If California voters approve Proposition 53 next week it would likely slow or prevent a $17.1 billion water project known as the California Water Fix, Fitch Ratings said in a comment.

Marian Zucker, President of the Office of Finance & Development at New York State Homes and Community Renewal, and Suzanne Shank, founder and CEO of Siebert Cisneros Shank & Co., have won the 2016 Freda Johnson Award for Trailblazing Women in Public Finance.