News and Information from Bond Buyer

Municipal bond market participants will look with interest as the city of Detroit returns to the market with its first post-bankruptcy bond sale on Wednesday.

Wednesday, August 19 Issuer St Description Amount

Wednesday, August 19 Issuer St Description Amount

Week Of August 17 Issuer St Description Amount

Week Of August 17 Issuer St Description Amount

Indicator Last Report Forecast Actual Housing Starts June: 1.174M July: 1.171M July: 1.206M Building Permits June: 1.343M July: 1.200M July: 1.119M

Aug. 19, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 1 3.15 4.14 4.89 Indiana Aaa/AAA/AA+ 0.25 1.41 2.32 3.18 Iowa Aaa/AAA/AAA 0.25 1.42 2.32 3.18 Michigan Aa2/AA/AA 0.31 1.5 2.45 3.33 Minnesota Aa1/AA+/AA+ 0.26 1.41 2.27 3.1 Missouri Aaa/AAA/AAA 0.25 1.36 2.23 3.09 Nebraska NR/AAA/NR 0.25 1.43 2.37 3.26 North Dakota Aa1/AA+/NR 0.28 1.48 2.4 3.26 Ohio Aa1/AA+/AA+ 0.27 1.43 2.38 3.26 South Dakota NR/AA+/AA+ 0.29 1.47 2.4 3.28 Wisconsin Aa2/AA/AA 0.28 1.46 2.37 3.26

IOWA

ILLINOIS

8/18/2015 8/11/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $636,715 9 $95,915 540,800 Indiana 7 124,410 8 168,250 -43,840 Iowa 7 126,550 6 26,995 99,555 Michigan 4 10,100 7 203,450 -193,350 Minnesota 9 52,555 17 189,890 -137,335 Missouri 3 16,565 4 88,645 -72,080 Nebraska 2 125,000 0 0 125,000 North Dakota 1 16,385 2 17,930 -1,545 Ohio 4 132,145 7 175,725 -43,580 South Dakota 0 0 0 0 0 Wisconsin 31 263,217 26 172,317 90,900

Government

Favorable demographic trends and increases in funding will give Texas colleges and universities an advantage over systems in other states, according to a report from Moody’s.

The chief of staff to Puerto Rico’s governor said that the exchange of Government Development Bank notes is the most likely approach to the government’s liquidity crunch.

Standard & Poor’s put triple-A rated Alaska on negative outlook and warned that it might no longer warrant the highest rating if the state’s lawmakers fail to fix its structural budget imbalance.

Alaska and California issuers are among those at risk of downgrades after U.S. oil prices tumbled this week, Fitch Ratings said Tuesday.

Detroit will price its first post-bankruptcy borrowing Wednesday after a full-court press on investors that emphasized state backstops that won the deal an A rating.

The Puerto Rico Aqueduct and Sewer Authority’s $750 million bond deal will be coming to market on Thursday, according to a trader at Bank of America Merrill Lynch. Prices of top-rated municipal bonds finished weaker on Tuesday, traders said, with yields on some maturities strengthening by as much as two basis points.

The Municipal Securities Rulemaking Board announced changes to its Electronic Municipal Market Access site Tuesday that will allow municipal issuers to show bank loan disclosures in a further effort to promote voluntary disclosure of issuers’ bank loan financings.

Illinois Gov. Bruce Rauner’s latest offer to shore up the finances of Chicago Public Schools fell flat with Democratic legislative leaders who don’t like the conditions attached.

The Chapter 11 bankruptcy filing of Clayton County, Ga.'s only hospital is a favorable credit factor for the county, according to Moody's Investors Service.