News and Information from Bond Buyer

ARKANSAS

ALABAMA

Standard & Poor's maintains a negative outlook on the nonprofit higher education sector in 2015.

Government

A settlement was announced Wednesday to end a federal civil trial stemming from a bond default triggered by the collapse of an artificial sweetener plant project in Moberly, Mo; the former Morgan Keegan & Co. Inc. was among the defendants.

The Texas economy will continue to grow in 2015 but at a slower pace than the past year, according to the Federal Reserve Bank of Dallas.

Illinois-Based Rush University Medical Center hits the market Thursday with its first time issue in more than five years accompanied by a trifecta of good credit news on the $500 million refunding.

New Jersey Assembly Speaker Vincent Prieto and Senate President Steve Sweeney announced on Jan. 14 that the Port Authority is tabling plans to eliminate overnight PATH train service.

Beginning his second term, Colorado Gov. John Hickenlooper described his personal struggles and those of the state over the past four years while promising progress on water, transportation and environmental fronts.

The municipal bond market on Wednesday saw the New York City Transitional Finance Authority's bonds get a good reception from institutional investors, which allowed underwriters to cut yields substantially on most maturities.

Indiana Gov. Mike Pence is pushing for a balanced budget amendment to the state constitution to control future spending despite what he called a decade of fiscal disciple.

Paul Rosenstiel, a managing director of public finance at Stifel, Nicolaus & Co, has been reappointed to the California State Teachers' Retirement Board by California Governor Jerry Brown.