News and Information from Bond Buyer

Moody's Investors Service downgrades East Texas Medical Center Regional Healthcare System's (ETMC's) bond rating to Baa3 from Baa2.

Popular Inc. is planning to sell its $75 million Puerto Rico Electric Power Authority line of credit at a 40% discount.

The Treasury Department said Thursday it will auction $24 billion 91-day bills and $24 billion 182-day discount bills Monday.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating (SPUR) to A-minus from BBB-plus on Southern Mono Healthcare District, Calif.'s general obligation bonds

Beneath the surface of last week's data, which showed the number of initial claims for unemployment insurance was the lowest since 1973, are some dramatic changes, especially in energy producing states.

The municipal bond market is awaiting the institutional pricing of New York City's general obligation bonds and sale of the Michigan State Building Authority's revenue and revenue refunding bonds as the last of the week's large new issues come to market.

Indicator Last Report Forecast Actual GDP Q1: +0.6% Q2: +2.6% Q2: +2.3% Final Sales Q1: -0.2% Q2: +3.2% Q2: +2.4% Core PCE Q1: +1.9% Q2: +1.6% Q2: +1.8% Initial Claims 7/18: 255,000 7/25: 270,000 7/25: 267,000 Continuing Claims 7/11: 2.216M 7/18: 2.211M 7/18: 2.262M

Jul. 30, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.27 1.33 2.28 3.24 Florida Aa1/AAA/AAA 0.3 1.35 2.33 3.32 Georgia Aaa/AAA/AAA 0.27 1.28 2.2 3.13 Kentucky Aa2/AA+/AA+ 0.31 1.42 2.4 3.36 Louisiana Aa2/AA/AA 0.4 1.66 2.69 3.62 Mississippi Aa2/AA/AA+ 0.31 1.41 2.42 3.36 North Carolina Aaa/AAA/AAA 0.27 1.28 2.2 3.14 South Carolina Aaa/AA+/AAA 0.27 1.3 2.23 3.17 Tennessee Aaa/AA+/AAA 0.27 1.29 2.23 3.16 Virginia Aaa/AAA/AAA 0.26 1.27 2.19 3.13 West Virginia Aa1/AA/AA+ 0.3 1.34 2.33 3.29

7/29/2015 7/22/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $3,355 3 $201,115 -197,760 Florida 4 260,765 9 728,145 -467,380 Georgia 4 290,315 2 37,150 253,165 Kentucky 4 133,150 3 7,350 125,800 Louisiana 4 127,060 4 202,330 -75,270 Mississippi 3 39,500 4 49,000 -9,500 North Carolina 1 83,450 0 0 83,450 South Carolina 2 51,855 1 7,660 44,195 Tennessee 2 10,400 4 263,815 -253,415 Virginia 2 118,645 5 158,925 -40,280 West Virginia 0 0 0 0 0

Thursday, July 30 Issuer St Description Amount

Thursday, July 30 Issuer St Description Amount

Week Of August 10 Issuer St Description Amount

Week Of July 27 Issuer St Description Amount

ARKANSAS

CALIFORNIA

Government

Chicago Mayor Rahm Emanuel submitted bonding ordinances to authorize up to $2 billion of O’Hare airport borrowing as well as $675 million of general obligation and wastewater debt.

An Alabama group wants to explain why it is suing to stop new revenue from flowing to cash-strapped Jefferson County, which emerged from bankruptcy 19 months ago.

The addition of Plainridge Park Casino, the first to open in Massachusetts, has heated up the competition for gamblers, according to Fitch Ratings.

American Samoa is getting ready to sell $73 million of junk-rated bonds next month.