News and Information from Bond Buyer

6/17/2016 6/10/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 406,900 3 $241,655 $165,245 Delaware 1 86,645 0 0 86,645 Maine 0 0 2 12,990 -12,990 Maryland 0 0 5 500,530 -500,530 Massachusetts 4 68,197 5 50,180 18,017 New Hampshire 0 0 2 32,680 -32,680 New Jersey 14 157,157 12 235,687 -78,530 New York 12 941,684 13 1,045,686 -104,002 Pennsylvania 15 860,925 15 132,510 728,415 Rhode Island 0 0 2 44,015 -44,015 Vermont 2 98,805 0 0 98,805 District of Columbia 0 0 2 375,030 -375,030 Puerto Rico 1 750,000 1 750,000 0

Day Indicator Last Report Forecast Wednesday Existing Home Sales April: +5.45M May: +5.54M Thursday Initial Jobless Claims 6/11: 277,000 6/18: 270,000 Thursday Continuing Claims 6/4: 2.157M 6/11: 2.140M Thursday Leading Indicators April: +0.6% May: +0.1% Thursday New Home Sales April: 619,000 May: 565,000 Thursday Durable Goods Orders April: +34.0% May: -0.5% Thursday ex-Trans April: +0.5% May: unch Friday Michigan Sentiment May: 94.3 June: 94.0

Kentucky Gov. Matt Bevin restructured the state pension board as a state agency, saying the move was necessary to achieve greater transparency and better administration.

Government

Ohio-based Mercy Health’s ailing collections process and the winding down of its affiliated insurance company – both of which have cut into operating profits -- drove Fitch Ratings to revise the system’s outlook to negative

The political and financial dysfunction of Illinois cost the state $12 million on Thursday’s $550 million bond pricing compared to its previous sale in January, according to a report from the University of Illinois Institute of Government and Public Affairs.

Traders and other market participants will focus their attention on a nearly $8.2 billion calendar for the coming week, which will feature mostly “good sized deals with a little something for everyone.”

Even before the Senate takes up the House Puerto Rico bill, the names of several individuals are being floated as possible candidates for the oversight board the legislation would create.

Three Puerto Rico legislators are proposing a bipartisan bill aimed at avoiding a July 1 default through a bondholder exchange.

A more than $200 million bond-financed hotel near Portland, Oregon's convention center that had faced years of legal challenges appears on track to open in late 2019.

Allen Park, Michigan is readying a conversion of $16.7 million of debt from a short-term to a long-term structure in a move designed to help it climb back toward investment-grade territory after a disastrous venture into a movie studio.

California revenues came in $7 million above the month’s forecast for May, the state’s Department of Finance reported.

Maryland’s Purple Line rail P3 gets official notification of an $875 million low-interest federal loan.

Georgia’s Oconee Regional Medical Center did not make its June 1 bond payment, and although the hospital said it plans to pay the debt, S&P Global Ratings sent its ratings to the bottom of the junk scale.

A record 58.3 million people came to visit New York City in 2015, according to a report from New York State Comptroller Thomas DiNapoli.

The Senate Appropriations Committee on Thursday approved a fiscal 2017 appropriations bill that would maintain current funding levels for both the Internal Revenue Service and Securities and Exchange Commission as well as increase federal funding for the District of Columbia.

Top shelf municipal bonds were steady to weaker at mid-session, according to traders, as the market gets set to see an $8.16 billion new issue calendar next week. Volume for next week is estimated by Ipreo at $8.16 billion, up from $5.27 billion this week, according to revised data from Thomson Reuters.

California lawmakers approved a $122.5 billion budget that largely followed the blueprint Gov. Jerry Brown outlined in May, but also failed to tackle the issue of the state’s crumbling roads and highways.

Moody's placed Yankee Stadium's Baa3 rating under review for upgrade, affecting roughly $1.26 billion of debt outstanding.

As Pennsylvania weighs moving new state hires into a hybrid plan partly based on 401(k)-style defined contributions, critics say it still leaves a massive unfunded liability untouched.