News and Information from Bond Buyer

Moody's Investors Service said it has downgraded to Aa3 from Aa2 the rating on the town of North Attleborough, Mass.'s general obligation debt.

Tender rates for the Treasury Department's latest 92-day and 182-day discount bills were lower, as the three-months incurred a 0.050% high rate, down from 0.105% the prior week, and the six-months incurred a 0.200% high rate, off from 0.245% the week before.

As the 10th anniversary of Hurricane Katrina nears, New Orleans has seen many improvements although the city still faces credit challenges, according to Moody's Investors Service.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

Prices of top-rated municipal bonds moved higher with Treasuries in a flight-to-quality bid as U.S. equities prices plunged across the board.

The Chicago Fed National Activity Index for June gained to positive 0.34 from a revised negative 0.07 reading in June, while the three-month moving average (CFNAI-MA3) climbed to neutral level from a revised negative 0.08 in June, the Federal Reserve Bank of Chicago reported Monday.

Standard & Poor's Ratings Services said it lowered its rating on Hillview, Ky.'s general obligation debt five notches to B-minus from BB-plus and placed the rating on CreditWatch with negative implications.

Aug. 24, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.32 1.64 2.65 3.52 Delaware Aaa/AAA/AAA 0.25 1.33 2.15 3.01 Maine Aa2/AA/AA 0.26 1.43 2.25 3.12 Maryland Aaa/AAA/AAA 0.25 1.38 2.21 3.02 Massachusetts Aa1/AA+/AA+ 0.27 1.42 2.34 3.22 New Hampshire Aa1/AA/AA+ 0.26 1.41 2.25 3.14 New Jersey A1/A/A 0.6 2.22 3.18 3.97 New York Aa1/AA+/AA+ 0.25 1.35 2.21 3.19 Pennsylvania Aa3/AA+/AA+ 0.47 1.79 2.75 3.6 Rhode Island Aa2/AA/AA 0.33 1.59 2.58 3.45 Vermont Aaa/AA+/AAA 0.25 1.35 2.21 3.05 Dist. of Columbia Aa1/AA/AA 0.29 1.44 2.36 3.26 Puerto Rico B2/BB/BB+ 9.25 11.24 11.21 8.62

8/21/2015 8/14/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 5 $415,975 $4 $91,850 $324,125 Delaware 1 14,815 0 0 14,815 Maine 1 2,970 2 17,970 -15,000 Maryland 1 6,315 1 6,315 0 Massachusetts 3 50,619 6 344,957 -294,338 New Hampshire 0 0 0 0 0 New Jersey 8 2,274,988 8 224,209 2,050,779 New York 7 458,564 20 928,600 -470,036 Pennsylvania 12 335,910 11 245,109 90,801 Rhode Island 0 0 0 0 0 Vermont 0 0 0 0 0 District of Columbia 1 97,745 2 241,110 -143,365 Puerto Rico 0 0 1 750,000 -750,000

Monday, August 24 Issuer St Description Amount

Monday, August 24 Issuer St Description Amount

Week Of August 24 Issuer St Description Amount

Week Of August 24 Issuer St Description Amount

ALABAMA

Day Indicator Last Report Forecast Tuesday Consumer Confidence July: 90.9 Aug.: 93.6 Tuesday New Home Sales June: 482,000 July: 520,000 Wednesday Durable Goods June: +3.4% July: -0.5% Wednesday Durable Goods ex Trans June: +0.8% July: +0.2% Thursday GDP Q1: +0.6% Q2: +3.0% Thursday Final Sales Q1: -0.2% Q2: n/a Thursday Core PCE Q1: +1.9% Q2: n/a Thursday Initial Claims 8/15: 277,000 8/22: n/a Thursday Continuing Claims 8/8: 2.254M 8/15: n/a Thursday Pending Home Sales June: -1.8% July: n/a Friday Personal Income June: +0.4% July: +0.4% Friday Consumption June: +0.2% July: +0.4% Friday Core PCE Prices June: +0.1% July: +0.1% Friday Michigan Sentiment July: 93.1 Aug.: 93.4 Friday Current Conditions July: 107.2 Aug.: n/a Friday Expectations July: 84.1 Aug.: n/a

TEXAS

Government

Cobb County, Ga., plans to competitively bid $372.55 million of AAA-rated taxable bonds on Tuesday to finance the Atlanta Braves stadium.

San Jose, Calif.’s pension settlement with the city’s police and firefighters is evidence that reducing pension liabilities will be challenging for local governments, Fitch Ratings said in a commentary.