News and Information from Bond Buyer

Standard & Poor's Ratings Services said it lowered its long-term rating to A-plus from AA-minus on Maricopa County Unified School District No. 60 (Higley), Ariz.'s existing general obligation debt.

Tuesday, March 3 Issuer St Description Amount

Monday, March 2 Issuer St Description Amount

Monday, March 2 Issuer St Description Amount

Week Of March 2 Issuer St Description Amount

SOUTH CAROLINA

ALABAMA

Day Indicator Last Report Forecast Monday Personal Income Dec.: +0.3% Jan.: +0.4% Monday Consumption Dec.: -0.3% Jan.: -0.1% Monday Core PCE Dec.: unch Jan.: +0.1% Monday Construction Spending Dec.: +0.4% Jan.: +0.3% Monday ISM Manufacturing Jan.: 53.5 Feb.: 53.1 Tuesday ADP Employment Jan.: +213,000 Feb.: +220,000 Wednesday ISM Non-Manufacturing Jan.: 56.7 Feb.: 56.5 Wednesday Initial Jobless Claims 2/21: 313,000 2/28: 295,000 Thursday Continuing Claims 2/14: 2.401M 2/21: 2.400M Thursday Productivity Q3: +3.7% Q4: -2.3% Thursday Unit Labor Costs Q3: -2.3% Q4: +3.1% Thursday Factory Orders Dec.: -3.4% Jan.: +0.3% Thursday Nonfarm Payrolls Jan.: +257,000 Feb.: +240,000 Friday Private Payrolls Jan.: +267,000 Feb.: +226,500 Friday Manufacturing Payrolls Jan.: +22,000 Feb.: +13,500 Friday Unemployment Rate Jan.: 5.7% Feb.: 5.6% Friday Avg Hrly Earnings Jan.: +0.5% Feb.: +0.2% Friday Avg Work Week Jan.: 34.6 Feb.: 34.6 Friday International Trade Dec.: -$46.6B Jan.: -$41.4B Friday Consumer Credit Dec.: +$14.8B Jan.: +$15.0B

Mar. 2, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.18 1.36 2.32 3.19 Delaware Aaa/AAA/AAA 0.13 1.15 2 2.83 Maine Aa2/AA/AA 0.15 1.2 2.1 2.95 Maryland Aaa/AAA/AAA 0.14 1.16 2.02 2.85 Massachusetts Aa1/AA+/AA+ 0.16 1.24 2.18 3.03 New Hampshire Aa1/AA/AA+ 0.14 1.2 2.1 2.97 New Jersey A1/A/A 0.26 1.64 2.67 3.52 New York Aa1/AA+/AA+ 0.14 1.18 2.09 3.01 Pennsylvania Aa3/AA+/AA+ 0.19 1.44 2.41 3.23 Rhode Island Aa2/AA/AA 0.18 1.32 2.32 3.19 Vermont Aaa/AA+/AAA 0.14 1.17 2.07 2.88 Dist. of Columbia Aa2/AA/AA 0.16 1.28 2.23 3.1 Puerto Rico B2/BB/BB+ 7.54 9.31 9.52 8.05

2/27/2015 2/20/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 $8,705 2 $130,350 -$121,645 Delaware 0 0 0 0 0 Maine 2 135,750 0 0 135,750 Maryland 2 921,995 2 721,995 200,000 Massachusetts 10 224,003 4 539,090 -315,087 New Hampshire 0 0 1 75,000 -75,000 New Jersey 8 278,817 4 64,491 214,326 New York 12 813,293 13 1,452,276 -638,983 Pennsylvania 17 578,135 18 1,292,305 -714,170 Rhode Island 2 609,515 1 593,655 15,860 Vermont 0 0 0 0 0 District of Columbia 0 0 1 11,500 -11,500 Puerto Rico 0 0 0 0 0

Government

The Texas Transportation Commission authorized contracts for $2 billion of road and bridge projects, including $1.74 billion approved by voters Nov. 4.

Standard & Poor's raised its long-term rating to AA-minus from A-plus on Kelso, Wash.'s 2008 general obligation bonds.

Regulators have shut Doral Bank, ending a tumultuous decade for the Puerto Rican bank. The $5.9 billion-asset Doral was the fourth bank to fail this year and the biggest bank to be closed since the $11 billion-asset Westernbank in Puerto Rico was shuttered in April 2010.

The Puerto Rico Electric Power Authority announced that it will miss Monday's deadline to present a restructuring plan.

Facing a $1.6 billion deficit in fiscal 2016, Louisiana Gov. Bobby Jindal has recommended a $24.6 billion state budget along with revenue raising measures such as issuing tobacco bonds.

Moody's affirmed its junk ratings but revised its outlook to stable from negative on the Pontiac, Michigan school district, where a 2013 default made it one of the few school district to default in the nation.

Chicago's latest rating downgrade paints the city further into a financial corner; Moody's Investors Service dropped the Windy City one notch to Baa2 from Baa1.

Standard & Poor's lowered its rating on Hillview, Ky.'s bonds four notches to BB-plus citing a potential $11.4 million damage assessment that could land the city in bankruptcy court.

Standard & Poor's Ratings Services lowered its rating on Puerto Rico Infrastructure Financing Authority's series 2011B and 2011C revenue bonds (the port authority project) (Government Development Bank for Puerto Rico letter-of-credit-backed U.S. public finance issue) to 'B-' from 'BB-'.