News and Information from Bond Buyer

Veteran Chicago-based public finance tax specialist Scott Bremer has joined The Hardwick Law Firm LLC, a hire the minority-owned hopes will bolster its market position in Illinois and beyond.

Surety provider Arch Insurance will take over costs and oversee construction of a stalled minor-league ballpark in Hartford, Conn., Mayor Luke Bronin announced.

The Pennsylvania Turnpike Commission is headed toward a fiscal pileup that could imperil the state’s entire transportation system, said state Auditor General Eugene DePasquale.

Philadelphia’s outlook was revised to negative from stable by Moody’s Investors Service, which cited concerns about weakened reserves.

Top-quality municipal bonds were steady to stronger at mid-session, traders said, as the first of the week's $5.5 billion of new supply started to come to market.

Louisiana State University is bringing its first financing for a $575 million housing and retail privatization, a move that triggered downgrades of the university's outstanding bonds.

Municipal bond traders are set to see the first of the week's $5.5 billion new issue calendar come to market on Wednesday.

Sep. 7, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.2 2.54 3.11 3.84 Indiana Aaa/AAA/AA+ 0.6 0.97 1.57 2.26 Iowa Aaa/AAA/AAA 0.6 0.96 1.57 2.26 Michigan Aa1/AA-/AA 0.64 1.03 1.65 2.36 Minnesota Aa1/AA+/AAA 0.61 0.94 1.5 2.15 Missouri Aaa/AAA/AAA 0.6 0.9 1.46 2.15 Nebraska NR/AAA/NR 0.6 0.99 1.62 2.34 North Dakota Aa1/AA+/NR 0.64 1.03 1.65 2.34 Ohio Aa1/AA+/AA+ 0.62 0.98 1.6 2.3 South Dakota NR/AA+/AAA 0.62 0.99 1.65 2.36 Wisconsin Aa2/AA/AA 0.63 0.99 1.58 2.28

9/6/2016 8/30/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 9 $320,816 8 $539,760 -$218,944 Indiana 3 316,315 1 900 315,415 Iowa 6 109,645 5 87,225 22,420 Michigan 11 911,150 13 187,125 724,025 Minnesota 19 122,345 17 619,465 -497,120 Missouri 0 0 0 0 0 Nebraska 0 0 0 0 0 North Dakota 1 5,600 0 0 5,600 Ohio 5 168,795 5 55,205 113,590 South Dakota 1 13,200 0 0 13,200 Wisconsin 34 340,730 33 373,685 -32,955

Wednesday, September 7 Issuer St Description Amount

Wednesday, September 7 Issuer St Description Amount

Week Of September 6 Issuer St Description Amount

Week Of September 6 Issuer St Description Amount

MISSOURI

ARKANSAS

Government

Richard Ravitch resigned from the board of directors at Build America Mutual, effective immediately, to devote more time to his growing public service responsibilities, according to a press release issued Tuesday by the municipal bond insurer.

Indiana State University heads into the market Wednesday with an $82 million issue, a portion of which will fund renovations to its health and human service building.

The New York City Transitional Finance Authority intends to sell roughly $1 billion of future tax-secured subordinate bonds later this month.

DuPage County, Illinois lost a triple-A rating because of its limited revenue flexibility and growth prospects that are now given greater weight under revised rating criteria.