News and Information from Bond Buyer

The Iowa Fertilizer Co. plant under construction needs an additional $100 million, the company reported in a recently posted bond disclosure.

The Chicago suburb of Rosemont plans to sell $37.5 million of taxable general obligation bonds next month to bring its public safety pensions up to near full funded status.

Standard & Poor's removed California's Peninsula Corridor Joint Powers Board, operator of Caltrain service between San Jose and San Francisco, from credit watch on Monday citing improved budget operations.

The municipal bond market was rather quiet on Monday with only a big competitive note sale from the Centennial State to break the silence. Few deals are scheduled for this holiday-shortened week as total long-term issuance is forecast to plunge to about $28 million from $5 billion last week.

Costs for Oahu's $5.26 billion rail project are on pace to exceed the budget by at least $500 million, according to the Honolulu Authority for Rapid Transportation.

The U.S. Department of Interior disbursed $13.4 billion generated by energy production on federal land to states and tribes in fiscal year 2014, a 5.6% decrease from the previous year, officials said.

The New York City Regional Economic Development Council awarded $443,750 to the Trust for Public Land for design work on the QueensWay parkland project.

Revenues for Texas Health Resources' Presbyterian Hospital in Dallas are back on track after falling 25% during an Ebola scare that claimed a patient's life and infected two nurses, according to a disclosure announcement.

Puerto Rico's private sector employment reached a positive milestone in November.

The New York State Gaming Facility Location Board's recommendation for three new casino sites announced on Dec. 17 is a credit positive for the host municipalities, according to Moody's Investors Service.

The New York City Regional Economic Development Council awarded $443,750 to the Trust for Public Land for design work on the QueensWay parkland project.

Rhode Island Gov.-elect Gina Raimondo nominated Michael DiBiase administration director, subject to state Senate confirmation, and Jonathan Womer to run OMB.

Standard & Poor's gave an investment-grade A-minus rating to a series of bonds Detroit recently sold as part of its exit from bankruptcy.

Moody's Investors Service said it has upgraded to Aa3 from A1, the rating on Dickson County, Tenn.'s $52.2 million in previously issued parity debt.

Volvo division Prevost opens a production line for MTA buses in sister company Nova Bus' expanded Plattsburgh, N.Y., facility, said Gov. Andrew Cuomo.

Muni bond issuers in Texas posted updated disclosures to correct previous omissions under the Securities and Exchange Commission's MCDC initiative.

Denver International Airport must bear most of the $53 million cost to complete a rail segment into the airport, a Denver District Court judge ruled. DIA had claimed the cost was the Regional Transportation District's responsibility.

The Treasury Department Monday auctioned $27 billion of two-year notes with a 5/8% coupon at a 0.703% yield, a price of 99.845361.

The municipal bond market was quiet on Monday as few deals are scheduled for this holiday-shortened week. At mid-session, prices of high-grade municipal bonds were unchanged, according to Municipal Market Data.