News and Information from Bond Buyer

  • Standard & Poor's Ratings Services said it affirmed its BB long-term rating and underlying rating on the University of Puerto Rico's existing university system revenue bonds, some of which were issued by the Puerto Rico Industrial, Tourist, Educational, Medical, & Environmental Control Facilities Financing Authority, and removed the ratings from CreditWatch with negative implications.

    February 4
  • Indicator Last Report Forecast Actual ADP Employment Dec.: +253,000 Jan.: +225,000 Jan.: +213,000 ISM Non-Manufacturing Dec.: 56.5 Jan.: 56.4 Jan.: 56.7

    February 4
  • The U.S. services sector expanded at a slightly faster pace in January as the non-manufacturing business activity composite index was 56.7 in the month, compared to 56.5 in December, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

    February 4
  • Wisconsin Gov. Scott Walker unveiled a $68.2 billion two-year budget proposal that favors borrowing over a higher gas tax to fund transportation projects, includes debt service for a new Milwaukee Bucks arena, and cuts University of Wisconsin aid.

    February 4
    Scott Walker
  • The municipal bond market will see more deals come to market after more than $2 billion of competitive new issues were priced on Tuesday.

    February 4
  • The Treasury Department will sell $64 billion in its quarterly refunding to paydown $16.6 billion of debt, it announce Wednesday.

    February 4
  • Private-sector employment increased by 213,000 in January, on a seasonally adjusted basis, ADP reported Wednesday.

    February 4
  • Feb. 4, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.54 1.96 3.14 3.9 Indiana Aaa/AAA/AA+ 0.14 1.02 1.86 2.62 Iowa Aaa/AAA/AAA 0.14 1.03 1.86 2.62 Michigan Aa2/AA/AA 0.17 1.19 2.03 2.8 Minnesota Aa1/AA+/AA+ 0.14 0.98 1.79 2.51 Missouri Aaa/AAA/AAA 0.14 0.97 1.77 2.53 Nebraska NR/AAA/NR 0.14 1.04 1.91 2.7 North Dakota Aa1/AA+/NR 0.15 1.06 1.93 2.7 Ohio Aa1/AA+/AA+ 0.15 1.04 1.9 2.68 South Dakota NR/AA+/AA+ 0.15 1.06 1.94 2.72 Wisconsin Aa2/AA/AA 0.16 1.03 1.93 2.7

    February 4
  • 2/3/2015 1/27/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $140,849 19 $448,574 -$307,725 Indiana 5 215,160 3 50,640 164,520 Iowa 7 399,505 4 46,880 352,625 Michigan 14 759,435 15 132,395 627,040 Minnesota 20 208,015 14 138,144 69,871 Missouri 6 141,300 3 33,820 107,480 Nebraska 1 109,920 0 0 109,920 North Dakota 0 0 2 20,485 ?20,485 Ohio 8 147,248 5 73,010 74,238 South Dakota 1 15,750 0 0 15,750 Wisconsin 13 348,070 5 19,710 328,360

    February 4
  • Competitive Note Sales

    Wednesday, February 4 Issuer St Description Amount

    February 4
  • Wednesday, February 4 Issuer St Description Amount

    February 4
  • Negotiated Note Sales

    Week Of February 2 Issuer St Description Amount

    February 4
  • Negotiated Bond Sales

    Week Of February 2 Issuer St Description Amount

    February 4
  • Puerto Rico

    The Puerto Rico Aqueduct and Sewer Authority posted better than expected financial results for the second half of the fiscal year.

    February 3
  • Government

    February 3
  • New York

    The New York City Municipal Water Finance Authority intends to sell $475 million of second resolution refunding bonds on Feb 19 after a retail order period, say officials.

    February 3
  • New York

    New York City will invest $200 million in affordable housing, new infrastructure and job creation initiatives in the southwest Bronx, Mayor Bill de Blasio said in his annual State of the City address.

    February 3
  • Rhode Island

    Seth Magaziner is settling into his new role as Rhode Island treasurer, saying he is ready to tackle many financial challenges facing the Ocean State.

    February 3