News and Information from Bond Buyer

Moody's Investors Service said it has placed the general obligation bond ratings for the following issuers under review for possible downgrade: city of Asbury Park (Baa1; $31 million), Kearny town (A2; $31 million), city of Newark (Baa1 unlimited tax and Baa2 limited tax, $575 million), city of Paterson (Baa2,$64 million), city of Trenton (A3; $347 million), Union City (A3; $49 million), and Weehawken township (Baa3; $4.8 million).

Hitting Wayne County, Mich. with its third downgrade in four weeks, Fitch Ratings warned that $200 million of bonds issued for a new downtown Detroit jail could be particularly vulnerable to default.

The Highway Trust Fund will be insolvent this summer without new revenues to bolster gas tax collections, CBO says in new analysis.

On the final day of the legislative session, Utah lawmakers passed a bill that raises the state fuel tax for the first time since 1997.

The written opinion issued by U.S. Bankruptcy Judge Christopher Klein in Stockton’s bankruptcy conveys a mixed message for investors, according to a Moody's Investors Service report.

The California Supreme Court will review appellate court ruling that San Diego Association of Government's 40-year transportation did not meet environmental laws.

The Central Florida Expressway Authority will close on a $193.7 million TIFIA loan March 25 as part of the financing for the Wekiva Parkway.

Prices of top-rated municipal bonds were slightly weaker at mid-session, according to traders, with yields on some maturities up by as much as one basis point.

Despite court-sanctioned reforms, Colorado's future pension costs and unfunded liabilities continue to grow, according to a commentary from Moody's Investors Service.

Standard & Poor's Ratings Services said it downgraded its long term rating to BB-plus from BBB-minus on the County Commission of Brooke County, W.Va.'s series 2011A and 2011B revenue bonds, issued for Bethany College.

The University of Michigan's preliminary March consumer sentiment index reading was 91.2, compared to the final February 95.4, and the preliminary February 93.6, according to market sources.

Don't be surprised if some of these proposals ideas pop up in whatever tax legislative vehicle might start moving forward later in the year.

Pennsylvania Gov. Tom Wolf stirred a hornet's nest in the capital markets when he included $3 billion in pension obligation bonds with his budget proposal.

Restructuring state debt to enhance economic development and jump-start Rhode Island's sagging economy is a linchpin of Gov. Gina Raimondo's $8.6 billion budget proposal for fiscal 2016.

The municipal bond market was taking a breather on Friday as it worked through the biggest new issue calendar of the year.

Mar. 13, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.15 1.42 2.23 3.03 California Aa3/A/A 0.18 1.54 2.47 3.3 Hawaii Aa2/AA/AA 0.18 1.54 2.36 3.18 Idaho Aa1/AA+/AA+ 0.15 1.51 2.36 3.17 Montana Aa1/AA/AA+ 0.15 1.5 2.37 3.19 Nevada Aa2/AA/AA+ 0.18 1.59 2.42 3.23 Oregon Aa1/AA+/AA+ 0.15 1.45 2.28 3.11 Washington Aa1/AA+/AA+ 0.18 1.55 2.43 3.26 Wyoming NR/AAA/NR 0.15 1.49 2.28 3.08

3/12/2015 3/5/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 2 $56,380 0 $0 $56,380 California 16 3,711,855 17 900,835 2,811,020 Hawaii 2 878,805 0 0 878,805 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 1 40,635 1 179,720 ?139,085 Oregon 2 83,400 2 273,670 ?190,270 Washington 3 79,705 1 2,300 77,405 Wyoming 0 0 0 0 0

Monday, March 16 Issuer St Description Amount

Friday, March 13 Issuer St Description Amount

Week Of March 16 Issuer St Description Amount