News and Information from Bond Buyer

Gina Marie Lindsey, executive director of the Los Angeles World Airports which runs Los Angeles International Airport and two others, plans to retire in the spring.

Indiana's recent decision to expand its Medicaid program under the new federal health care law is positive for the state's hospitals and could prompt Republican-led states that have opted out to change their minds, according to Fitch Ratings.

The Association of Bay Area Governments plans to reimburse San Francisco the $1.3 million missing from a city redevelopment fund after an alleged theft by its finance director and conduct a forensic audit the transactions he worked on.

Prices of top-rated municipal bonds moved lower for a third day, traders said, as yields on some bonds closed as much as five basis points higher on Wednesday. More new issue supply came to market on Wednesday even as the $1 billion tax-exempt bond deal from the Trinity Health Credit Group was put off and placed on the day-to-day calendar.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating on Lebanon County, Pa.'s general obligation debt two notches to BBB-plus from BBB-minus.

Detroit Public Schools is offering $197 million of general obligation bonds through the Michigan Finance Authority backed by a state school loan fund program.

Atlantic City, N.J.'s ability to refinance its maturing $12.8 million bond anticipation notes through an expensive short-term loan demonstrates "limited market access", according to Moody's Investors Service.

The effort to resuscitate spring training on Florida's east coast advanced this week with the approval of a land swap for a bond-financed MLB ballpark.

Standard & Poor's Ratings Services said it lowered its underlying rating to A-minus from A on Wabash County Metropolitan School District, Ind.'s outstanding general obligation debt.

Transit projects in 13 states in line for $3.2 billion of federal grants in President Obama's proposed budget for fiscal 2016.

Trinity Health has pulled a $1.1 billion bond deal amid rising yields, putting the deal on the day-to-day calendar until the market improves.

Gov. Charlie Baker spelled out $514 million in spending cuts to help Massachusetts seal a $768 million budget gap for fiscal 2015.

The first interest rate hike "will soon be appropriate," Federal Reserve Bank of Cleveland President and Chief Executive Officer Loretta J. Mester said Wednesday, noting she'd even agree to liftoff in the first half of the year.

Standard & Poor's Ratings Services said it raised its rating by two notches, to CCC-plus from CCC-minus, on Aliceville Governmental Utilities Services Corp., Ala.'s series 2011 bonds, issued for its Federal Bureau of Prisons project.

Yield-hungry investors should be wary of indulging in triple-B bonds in the current municipal market when looking for extra yield as they are fully valued relative to high-quality bonds, according to Dorian Jamison, municipal analyst at Wells Fargo Advisors.

Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating to AA-minus from AA on Washington State University's general revenue bonds, student fee bonds, trust and building fee bonds, and recreation center bonds outstanding.

The municipal bond market is seeing more deals being priced Wednesday — this time on the negotiated side — after more than $2 billion of competitive new issues came to market on Tuesday.

Standard & Poor's Ratings Services said it lowered its rating on Nash Health Care Systems, N.C.'s $68.9 million series 2012 bonds to A-minus from A.

The Internal Revenue Service is seeking applications from issuers for unused volume cap of new clean renewable energy bonds.

Kansas revenue officials said that greater-than-expected income tax refunds contributed to lower-than-expected revenues in January, extending the $279 million shortfall for the current fiscal year.