News and Information from Bond Buyer

KANSAS

7/20/2015 7/13/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $12,620 2 $264,645 -$252,025 Arkansas 2 4,450 1 2,605 1,845 Colorado 5 103,460 2 21,865 81,595 Kansas 8 19,937 9 60,177 -40,240 New Mexico 4 244,710 5 235,730 8,980 Oklahoma 3 16,605 5 48,955 -32,350 Texas 52 2,097,717 67 2,747,663 -649,946 Utah 0 0 0 0 0

Standard & Poor's says Children’s Hospitals and Clinics of Minnesota could win an upgrade if its operations remain on the upswing.

Municipal Market Analytics professionals Monday said it was “quite reasonable” to expect that the Puerto Rico Public Finance Corp. will make its debt service payments on Aug. 1.

Moody’s Investors Service has raised Minneapolis-based Fairview Health Services’ rating by one level to A2 ahead of its upcoming revenue bond sale for $120 million.

Government

Collection of unclaimed property exceeded projections and enabled Connecticut to deposit $69 million into its general fund, said state Treasurer Denise Nappier.

The $8 billion Employees’ Retirement System of Rhode Island returned 0.41% in the June quarter, state Treasurer General Seth Magaziner reported.

Micah Green, a former president of the Securities Industry and Financial Markets Association, and six others have moved to Steptoe & Johnson LLP’s financial services practice here from Squire Patton Boggs.

Swap termination fees are among the items to be financed under a $1.16 billion general obligation bond authorization that is up for a Chicago Board of Education vote.

Prices of top-quality municipal bonds finished steady on Monday, traders said, as the market geared up to take on this week’s chunky new issue calendar after last week’s busy dealings.

RBC Capital Markets hired Tim Williams from JPMorgan as a managing director in the firm’s municipal finance department.

San Francisco's $25 billion construction portfolio, including bond-financed projects, suffers from a serious lack of oversight, according to a new report from the county's Civil Grand Jury.

Senate Republican leaders are working on a multiyear transportation bill that would resolve the shortfall in the Highway Trust Fund by dedicating roughly $40 billion of additional revenue to it from a variety of sources.

The Daughters of Charity Health System has reached an agreement with a private investment firm that will invest $250 million in the ailing California hospital nonprofit.

Standard & Poor's Ratings Services said it has lowered its CCC-minus rating on Puerto Rico Public Finance Corp. (PFC) series 2011A and B and series 2012 A bonds to CC following non-appropriation of debt service by the legislature in the fiscal 2016 budget.

Standard & Poor's Ratings Services said it lowered its rating to BB-plus from BBB-minus on Riverhead IDA Economic Job Development Corp., N.Y.'s series 2013A and 2013B revenue bonds issued on behalf of Riverhead Charter School (RCS).

The New York State Environmental Facilities Corp. (NYSEFC) is set to issue $475.1 million in green bonds for clean water and drinking water projects throughout the Empire State.

A recent upgrade from Moody’s could cut interest costs for this week’s $500 million bond sale, said New York MTA official.

Atlantic City, N.J. has enough cash to meet its August general obligation debt service payments and expects to have sufficient liquidity through October, according to city officials.