News and Information from Bond Buyer

Michigan gave Flint $2 million to improve its water quality, which has plummeted since it exited Detroit's system, under the state's new distressed cities program.

Fitch Ratings, which already maintains junk ratings on Wayne County, Mich., put the ratings on a negative watch just hours after the release of a new audit that warns the county could be out of cash by next summer.

Having sold its incinerator, Harrisburg, Pa., has a new symbol of a deal gone sour: a 12-story downtown office building, subject of a $6.9 million borrowing in 1998 that straddled the city with $42 million in debt service the city recently restructured.

Standard & Poor's Ratings Services said it raised its underlying rating for credit program on Brighton Area Schools, Mich.'s limited-tax general obligation debt to BBB-plus from BBB.

Prices of municipal bonds were lower along with Treasuries, traders said, on the heels of a better-than-expected U.S. employment report.

The Government Development Bank for Puerto Rico has hired Todd Hagerman as head of investor relations.

Qualified Public Infrastructure Bond plan marks a further step in the Obama administration's Build America Investment Initiative.

Municipal bond market participants are looking ahead to next week's new-issue slate with a bit of trepidation as they keep a keen watch on yields.

U.S. inflationary pressures were lower in January, as the U.S. future inflation gauge fell to 102.5 from a revised December 104.0 reading, first reported as 104.1, according to data released Friday morning by the Economic Cycle Research Institute.

The time when it's difficult to justify zero lower bound interest rates is "rapidly approaching," Federal Reserve Bank of Philadelphia President Charles Plosser said in a televised interview Friday, noting the public needs to realize the economy is not in "perpetual crisis."

Standard & Poor's Ratings Services said it lowered its long-term rating on the District of Columbia's series 2007 tax-exempt fixed-rate revenue bonds issued for Community Academy Public Charter School (CAPCS) to CCC from B-minus.

Standard & Poor's Ratings Services said it lowered its underlying rating for credit program to A-minus from A on Ben Bolt-Palito Blanco Independent School District, Texas' general obligation debt.

Friday, February 6 Issuer St Description Amount

Friday, February 6 Issuer St Description Amount

Week Of February 9 Issuer St Description Amount

Friday, February 6 Issuer St Description Amount

CALIFORNIA

ARIZONA

Feb. 6, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.14 0.99 1.89 2.69 California Aa3/A/A 0.16 1.05 2.03 2.93 Hawaii Aa2/AA/AA 0.15 1.06 2.04 2.83 Idaho Aa1/AA+/AA+ 0.14 1.08 2.02 2.83 Montana Aa1/AA/AA+ 0.14 1.07 2.03 2.85 Nevada Aa2/AA/AA+ 0.17 1.11 2.07 2.89 Oregon Aa1/AA+/AA+ 0.14 1.02 1.93 2.77 Washington Aa1/AA+/AA+ 0.14 1.1 2.06 2.91 Wyoming NR/AAA/NR 0.14 1.06 1.94 2.74

2/5/2015 1/29/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 0 1 108,680 ?108,680 California 14 836,532 15 1,053,787 ?217,255 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 0 0 3 73,380 ?73,380 Oregon 5 102,015 1 8,200 93,815 Washington 10 852,035 3 471,375 380,660 Wyoming 0 0 0 0 0