News and Information from Bond Buyer

The rating outlook for BBB-rated Providence, R.I. was lowered to stable from positive by S&P Global Ratings.

Arlington, Texas, may pay off the debt it issued for a pro football stadium to clear the path for subsidizing a pro baseball stadium.

WASHINGTON (MNI) - The U.S. Q1 GDP revision shows modest growth but contains the seeds for a bounce in Q2.

Indicator Last Report Forecast Actual Durable Goods March: +0.8% April: +0.4% April: +3.4% Durable Goods ex-Trans March: -0.2% April: +0.3% April: +0.4% Initial Claims 5/14: 278,000 5/21: 275,000 5/21: 268,000 Continuing Claims 5/7: 2.152M 5/14: 2.148M 5/14: 2.163M Pending Home Sales March: +1.4% April: +0.6% April: +5.1%

May. 27, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa1/AA+/AAA 0.69 1.31 1.98 2.77 California Aa3/AA+/A+ 0.62 1.16 1.87 2.53 Hawaii Aa2/AA/AA 0.6 1.15 1.8 2.6 Idaho Aa1/AA+/AA+ 0.57 1.15 1.84 2.64 Montana Aa1/AA/AA+ 0.57 1.16 1.85 2.66 Nevada Aa2/AA/AA+ 0.61 1.19 1.86 2.68 Oregon Aa1/AA+/AA+ 0.59 1.11 1.71 2.5 Washington Aa1/AA+/AA+ 0.61 1.19 1.88 2.67 Wyoming NR/AAA/NR 0.57 1.13 1.76 2.55

Week Of May 31 Issuer St Description Amount

Friday, May 27 Issuer St Description Amount

5/26/2016 5/19/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 6 353,985 19 612,935 -258,950 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 2 116,435 3 315,940 -199,505 Oregon 1 37,090 1 48,125 -11,035 Washington 7 1,196,955 9 1,351,810 -154,855 Wyoming 0 0 0 0 0

Tuesday, May 31 Issuer St Description Amount

Tuesday, May 31 Issuer St Description Amount

ALABAMA

CALIFORNIA

The Puerto Rico Senate put an end Thursday to the roll out of a value added tax.

Government

Tennessee's general obligation bonds got a boost to AAA Thursday by S&P Global Ratings, which cited the state’s sound operations and improving economy.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose two basis points to 3.90% from 3.88% in the previous week.

Dana Lach has returned to Foley & Lardner’s healthcare finance, public finance and finance and financial institutions practices, the law firm announced on Thursday. She will be working out of the firm’s Milwaukee office.

Minnesota-based HealthEast Care System lost its Fitch Ratings investment grade rating over its lack of progress in improving profitability.

New Jersey would generate millions in annual new sales tax revenue if the state legalized marijuana, according to a report by New Jersey Policy Perspective and New Jersey United for Marijuana Reform.

The New Jersey Senate and Assembly passed a compromise rescue package that allows Atlantic City to avoid an immediate default by providing a bridge loan.