News and Information from Bond Buyer

Chicago’s water revenue debt won an upgrade from Standard & Poor’s as the city prepares to shed bank counterparty and liquidity risks in an upcoming issue.

Wednesday, April 27 Issuer St Description Amount

Wednesday, April 27 Issuer St Description Amount

Week Of April 25 Issuer St Description Amount

Week Of April 25 Issuer St Description Amount

ARIZONA

Apr. 27, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa1/A+/BBB+ 1.41 2.6 3.35 4.31 Indiana Aaa/AAA/AA+ 0.56 1.06 1.77 2.73 Iowa Aaa/AAA/AAA 0.56 1.05 1.77 2.73 Michigan Aa1/AA+/AA 0.6 1.11 1.84 2.83 Minnesota Aa1/AA+/AA+ 0.57 1.01 1.69 2.62 Missouri Aaa/AAA/AAA 0.56 0.99 1.66 2.62 Nebraska NR/AAA/NR 0.56 1.08 1.82 2.81 North Dakota Aa1/AA+/NR 0.59 1.12 1.85 2.81 Ohio Aa1/AA+/AA+ 0.58 1.08 1.79 2.78 South Dakota NR/AA+/AA+ 0.58 1.08 1.85 2.83 Wisconsin Aa2/AA/AA 0.58 1.07 1.77 2.73

ALABAMA

4/26/2016 4/19/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 7 $205,530 7 $198,965 $6,565 Indiana 3 9,965 11 382,220 -372,255 Iowa 14 55,545 16 114,425 -58,880 Michigan 12 300,925 11 111,905 189,020 Minnesota 31 364,310 27 140,865 223,445 Missouri 2 255,615 2 20,900 234,715 Nebraska 1 136,360 1 20,135 116,225 North Dakota 2 53,305 3 193,830 -140,525 Ohio 5 186,950 7 128,565 58,385 South Dakota 0 0 0 0 0 Wisconsin 33 1,601,370 29 153,705 1,447,665

Government

Government

Government

Detroit Public Schools says its prior administration’s mishandling of $30 million in federal funds won’t add to the fiscal burden the state is being asked to cover as part of a sweeping restructuring.

Standard & Poor's has discontinued its underlying rating for credit enhancement programs on rated Pennsylvania school districts.

Struggling under the weight of rising costs and construction delays, the Iowa Fertilizer Co. LLC’s nearly $1.2 billion of tax-exempt debt has fallen further into junk territory.

Top quality municipal bonds finished weaker on Tuesday, traders said, as several big healthcare offerings hit the market, headlined by the largest deal of the week. Morgan Stanley priced Ascension Health Alliance’s $1.2 billion healthcare deal through four conduit issuers for the Ascension Senior Credit Group.

A vote on the Puerto Rico bill may be stalled until mid-July as many, including unions and other groups, press for changes to address concerns over debt restructuring and oversight board provisions as well as to protect the island's pensioners

The Baltimore Board of Finance has approved $535 million of TIF bonds for a $5.5 billion waterfront development project.

Three Democratic Senators representing states without sales taxes recently wrote a letter to Senate leadership opposing federal legislation that would impose an Internet tax sales tax on its businesses.

A new bill proposed in the New Jersey State Senate would allow financially distressed Atlantic City and other coastal municipalities to end costly lifeguard pensions.