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The passed deadline casts doubt on the Puerto Rico Electric Power Authority’s prospects for a consensual debt restructuring agreement.

Terence M. Smith, CEO of Smith’s Research & Gradings, will provide a historical perspective on Philadelphia’s deep financial roots and its relation to the bond market at the Dec. 10 Philadelphia Area Municipal Analyst Society holiday party.

A continuing strong economy and a return to balanced operations bring Denver Public Schools a Standard & Poor’s upgrade to AA-plus from its previous AA, analysts said.

Standard & Poor's has affirmed its A-minus rating on Sunnyvale Redevelopment Agency Calif.'s series 2003 tax allocation bonds and revised its outlook to positive from stable, citing the likely settlement of its court battle with the state Department of Finance.

Government

The Metropolitan Water Reclamation District of Greater Chicago’s proposed $1.21 billion budget has won a key endorsement.

The sales tax surcharge that financed improvements to the Green Bay Packers’ home -- Lambeau Field – has officially ended and about $18 million in surplus revenues are headed to local governments.

An Alabama federal judge entered judgments approving settlements in the Securities and Exchange Commission’s cases against former JPMorgan bankers Douglas MacFaddin and Charles LeCroy, who were accused of wrongdoing in the Jefferson County, Ala. sewer financings.

Top-quality municipal bonds ended mixed on Monday, according to traders, with prices weaker on the short end, steady in the intermediate range, and stronger out long. In the primary market, two large deals kicked off the week’s new issue action.

Key portions of a lawsuit filed by a group of Chicago retirees to block the city’s attempt to phase out their healthcare subsidies can proceed, a state court judge ruled.

Fifteen organizations are urging members of the House of Representatives to vote on a proposed bill that would treat investment grade and actively traded municipal securities as high quality liquid assets under a bank liquidity rule adopted by bank regulators in September of last year.

The Pennsylvania Senate passed a $30.8 billion spending plan though without a tax package. Whether the House can agree to end a six-month stalemate is up in the air

Indicator Last Report Forecast Actual Consumer Credit Sept.: +$28.6B Oct.: +$20.0B Oct.: +$16.0B

Standard & Poor's raised St. Louis’s parking revenue bonds by one notch as the credit profile received a boost from a recent rate increase.

Consumer credit increased by $16.0 billion in October to $3.512 trillion, the Federal Reserve reported Monday.