News and Information from Bond Buyer

Government

Atlanta-based Asset Preservation Advisors recommends that investors remain “highly selective” when purchasing Kentucky’s bonds due to the state’s high pension liability.

Rhode Island Superior Court Judge Sarah Taft-Cater late Tuesday signed off on a class-action settlement in the lawsuit over the state’s 2011 law that overhauled pension benefits.

Moody's Investors Service has downgraded to A2 from A1 the rating on the Cook County Forest Preserve District, IL's general obligation (GO) debt.

Indianapolis will not be building a new $400 million criminal justice center after the city-county council killed the proposal.

The Pennsylvania Senate confirmed Gov. Tom Wolf’s confirmation of Robin Wiessmann as secretary of banking and securities.

The Virginia Supreme Court is ordering a lower court to take another look at legal efforts to prevent the financially troubled Sweet Briar College from closing.

Prices of top-rated municipal bonds closed weaker on Tuesday as the state of Georgia sold about $1.3 billion of general obligation bonds in the primary market.

The Long Beach Community College District in California has paid the Internal Revenue Service about $1.01 million to settle tax issues concerning its $48.37 million general obligation bond issue from 2008.

The New York City Transitional Finance Authority intends to sell $750 million of tax-exempt, fixed rate, new money bonds on June 17 after a two-day retail order period.

New York City should continue to build up its budgetary cushion to protect against further economic downturns or natural disasters, Comptroller Scott Stringer told a City Council committee.

House Democrats and a conservation think tank line up to oppose a transportation appropriations bill that freezes highway funding.

Standard & Poor's Ratings Services said it lowered its school underlying rating A from A-plus on Eastbrook Community School Corp., Ind.

The Southern California Logistics Airport Authority's already junk-rated bonds are on review for another downgrade by Moody's Investors Service.

Minnesota’s HealthEast Care System will make a rare appearance in the market this week with a debt restructuring aimed at strengthening its balance sheet.

Local governments in Michigan get a break in the state's new $54 billion budget, which holds steady on revenue aid after years of deep cuts.

The United States Supreme Court is poised to decide whether or not to hear the case of former Miami budget director Michael Boudreaux, whose attorneys told the nation's top court it should accept the case to decide an important question of how exposed municipal officials should be to federal government lawsuits.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 1/8% coupon at a 1.125% yield, a price of par.

Transparency following an unusually harsh winter and amid other challenges sends an important message to bond rating agencies, said Massachusetts Treasurer Deborah Goldberg.

Prices of top-rated municipal bonds were lower at mid-session, as the market saw the state of Georgia sell about $1.3 billion of general obligation bonds in the primary.