News and Information from Bond Buyer

Wednesday, May 13 Issuer St Description Amount

Week Of May 11 Issuer St Description Amount

ALABAMA

May. 13, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 1 2.73 3.73 4.75 Indiana Aaa/AAA/AA+ 0.2 1.44 2.34 3.3 Iowa Aaa/AAA/AAA 0.2 1.45 2.34 3.3 Michigan Aa2/AA/AA 0.26 1.55 2.5 3.48 Minnesota Aa1/AA+/AA+ 0.2 1.42 2.27 3.21 Missouri Aaa/AAA/AAA 0.2 1.39 2.25 3.21 Nebraska NR/AAA/NR 0.2 1.46 2.39 3.38 North Dakota Aa1/AA+/NR 0.21 1.51 2.41 3.38 Ohio Aa1/AA+/AA+ 0.23 1.48 2.38 3.36 South Dakota NR/AA+/AA+ 0.24 1.5 2.42 3.4 Wisconsin Aa2/AA/AA 0.24 1.51 2.42 3.39

5/12/2015 5/5/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 6 $206,765 4 $24,255 182,510 Indiana 15 129,360 13 495,235 ?365,875 Iowa 10 110,160 11 82,299 27,861 Michigan 16 458,335 10 114,485 343,850 Minnesota 31 334,697 34 379,392 ?44,695 Missouri 7 576,980 2 14,045 562,935 Nebraska 0 0 0 0 0 North Dakota 2 10,785 5 24,365 ?13,580 Ohio 5 158,575 9 523,750 ?365,175 South Dakota 1 11,500 1 11,500 0 Wisconsin 28 301,665 23 157,740 143,925

ARKANSAS

Government

Moody's upgrades Mill Valley School District, California’s bonds to Aa1 from Aa2 affecting roughly $14 million of outstanding general obligation debt.

Two years after the city auditor declared Floresville, Texas, insolvent, the town on the edge of the oil boom has earned a three-notch upgrade from Standard & Poor’s.

Moody's Investors Service Tuesday downgraded Chicago to junk-level Ba1.

Colorado’s E-470 Public Highway Authority earns an upgrade to BBB-Plus from Standard & Poor’s as it prepares to refund $40 million of toll revenue bonds. The higher rating follows a similar boost from Moody’s Investors Service Feb. 20.

The developer of the private All Aboard Florida passenger train expects to complete the project even if it cannot benefit from $1.75 billion in tax exempt private activity bonds, according to documents filed in federal court.

Chicago, preparing to remarket bonds, again has warned investors of its laundry list of fiscal challenges, newly topped by the potential blow to its own pension reform efforts posed by a ruling last week from the Illinois Supreme Court.

An issuer’s fare revenues for bus service along privately operated highway lanes would not cause bonds to be used to finance the lanes to be private-activity bonds, the Internal Revenue Service ruled.

Prices of top-rated municipal bonds closed lower again on Tuesday, according to traders, with yields on some maturities rising by three basis points.

State Rep. John McGinnis wants to shorten the Pennsylvania pension amortization period from 30 years to 20.

National Public Finance Guarantee, the muni-only arm of MBIA Inc., wrapped $38 million in par amount of primary new issuance in the first quarter and wrote or committed to write $241 million since then.

Lawmakers who vote to raise state gas taxes don't face an irate electorate at the next election, according to an analysis in seven states. Rep. Deb Fischer, R-Neb., introduced a bill to create a National Infrastructure Bank.

The Financial Industry Regulatory Authority’s appellate tribunal has revised its sanction guidelines, proposing significant increases in the highest level of fines for disciplinary actions and tougher sanctions for cases involving fraud and recommendations of unsuitable investments.

Standard & Poor's Ratings Services said it raised its underlying rating for credit program to AA-plus from AA on King County School District No. 414 (Lake Washington), Wash.'s unlimited-tax general obligation bond outstanding.