News and Information from Bond Buyer

Day Indicator Last Report Forecast Monday NAHB Housing Index Sept.: 62 Oct.: 62 Tuesday Housing Starts Aug.: 1.126M Sept.: 1.150M Tuesday Building Permits Aug.: 1.170M Sept.: 1.170M Thursday Initial Jobless Claims 10/10: 255,000 10/17: 265,000 Thursday Continuing Claims 10/3: 2.158M 10/10: 2.203M Thursday Existing Home Sales Aug.: 5.31M Sept.: 5.37M

Government

Indianapolis received a first time general obligation rating of AA-plus from Kroll Bond Rating Agency.

Moody's downgraded Central Basin Municipal Water District, Calif.’s refunding revenue bonds a notch to A1 pointing to declining operating revenues due to conservation efforts from the prolonged drought.

The Dormitory Authority of the State of New York has approved up to $326 million in fixed rate bonds to upgrade residence halls at public colleges throughout the Empire State.

Cuyahoga County, Ohio would borrow up to $65 million to finance upgrades to the venues of Major League Baseball’s Cleveland Indians and the National Basketball Association’s Cleveland Cavaliers

Gov. Alejandro García Padilla’s proposal for a local Puerto Rico fiscal oversight and economic recovery board came under fire from financial industry analysts, who said a federally appointed board would have more credibility.

Moody's lowered its outlook on Pennsylvania's general obligation debt to negative, citing the state's budget impasse.

Wisconsin finished off its last fiscal year in the black with a narrow ending balance of $135.6 million, according to a new fiscal report from the Department of Administration.

The Florida Supreme Court affirmed the validation of $2 billion in clean energy bonds over challenges brought by banks and a former state legislator.

Municipal issuance is estimated at almost $8 billion, as some familiar faces from New York and California come to market with large deals.

A California legislative committee tasked with fixing the state’s transportation funding woes kicked off its work, vowing not to let the difficulty of the choices facing them prevent a solution from emerging.

Michigan will send $6 million Flint’s way to help cover the costs of reconnecting to Detroit’s water and sewer system after a year of struggling with polluted water from the Flint River.

House Transportation & Infrastructure Committee is on schedule to vote Oct. 22 on a six-year highway funding bill.

A clean energy bill is a credit negative for coal-dependent Southern California municipal utilities, according to Moody’s Investors Service.

Economic study says privately financed Texas bullet train could generate billions of tax dollars for state and local governments.

Former Dormitory Authority of the State of New York president and CEO Paul Williams has been hired as a counsel for law firm Arent Fox LLP.

Mintz Levin’s Meghan Burke and New York City deputy comptroller for public finance Carol Kostik will receive the Freda Johnson Award for Trailblazing Women in Public Finance.

Prices of top-rated municipal bonds were steady at mid-session, as traders looked ahead to next week's $7.9 billion new issue slate after seeing an action-packed three days following Columbus Day.