News and Information from Bond Buyer

Traders were set for the last full session of the week on Wednesday. Not much in the way of anything was expected to happen, with no bond deals on the slate until 2016. Activity was likely to be very light until after the holidays.

Tuesday, December 29 Issuer St Description Amount

Tuesday, December 29 Issuer St Description Amount

Wednesday, December 23 Issuer St Description Amount

Week Of January 4 Issuer St Description Amount

KENTUCKY

COLORADO

Dec. 23, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa1/A+/BBB+ 1.25 2.91 3.62 4.51 Indiana Aaa/AAA/AA+ 0.5 1.32 2.04 2.93 Iowa Aaa/AAA/AAA 0.5 1.33 2.04 2.93 Michigan Aa2/AA/AA 0.54 1.39 2.15 3.06 Minnesota Aa1/AA+/AA+ 0.51 1.3 1.97 2.85 Missouri Aaa/AAA/AAA 0.5 1.25 1.93 2.82 Nebraska NR/AAA/NR 0.5 1.34 2.09 3.01 North Dakota Aa1/AA+/NR 0.53 1.39 2.12 3.01 Ohio Aa1/AA+/AA+ 0.52 1.33 2.07 2.99 South Dakota NR/AA+/AA+ 0.54 1.38 2.12 3.03 Wisconsin Aa2/AA/AA 0.53 1.33 2.09 2.96

12/22/2015 12/15/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 1 $9,000 6 $66,765 -$417,695 Indiana 0 0 4 21,735 -414,050 Iowa 2 8,380 2 8,380 -13,745 Michigan 5 49,000 2 92,785 43,200 Minnesota 14 343,195 14 338,735 -33,645 Missouri 4 12,520 3 62,980 -114,600 Nebraska 0 0 0 0 -33,930 North Dakota 0 0 1 9,025 -2,420 Ohio 0 0 5 176,425 -274,470 South Dakota 0 0 0 0 -22,705 Wisconsin 10 379,030 9 365,785 323,990

Moody's Investors Service has downgraded $1.09 billion of Puerto Rico appropriation bonds issued by the Public Finance Corporation (PFC) to C from Ca, while maintaining other ratings assigned to the US territory's debt

Pennsylvania’s House, after an afternoon of parliamentary back-and-forth, moved toward a vote on the full $30.8 billion budget framework on which Gov. Tom Wolf and Senate leaders agreed.

Standard & Poor's revised its outlook to stable from positive for Wilkes-Barre, Pa.’s GO bonds, citing weaker liquidity.

Colorado business leaders are gathering support for a $3.5 billion highway bond program as the Colorado General Assembly prepares for its 2016 session.

Top-quality municipal bonds finished weaker in very quiet activity on Tuesday, according to traders, as the market was winding up business for the holiday week with action expected to remain muted until after the holidays.

Puerto Rico Sen. President Eduardo Bhatia Gautier said that he would not run to become governor in November 2016.

Four Senate Democrats and the House Minority Leader have introduced identical bills that would temporarily halt litigation by bondholders and creditors over Puerto Rico’s debt until Congress takes action to allow the territory to restructure the debt.

Property Assessed Clean Energy (PACE) loans have been available in Florida since 2010, but lending as well as securitization of these loans has lagged far behind California. A ruling by the Florida Supreme Court in October could change that.

Oregon Gov. Kate Brown will seek public input in a series of meetings beginning next month on the preliminary findings of a policy group exploring the state's transportation needs.

States will face funding challenges in 2016 as lawmakers look for ways to raise revenues for local highway projects during an election year.

Issuers say green bonds are here to stay, and that efforts to increase transparency about the environmental benefits will pay off with a broader investor base and cheaper financing costs.