News and Information from Bond Buyer

Market participants expect strong demand for the state of Washington's $530 million general obligation bond scheduled for next month.

Dec. 18, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.14 1.27 2.02 2.94 Florida Aa1/AAA/AAA 0.15 1.28 2.08 3.02 Georgia Aaa/AAA/AAA 0.14 1.22 1.95 2.85 Kentucky Aa2/AA+/AA+ 0.16 1.34 2.17 3.1 Louisiana Aa2/AA/AA 0.15 1.33 2.15 3.06 Mississippi Aa2/AA/AA+ 0.16 1.33 2.16 3.06 North Carolina Aaa/AAA/AAA 0.14 1.22 1.95 2.85 South Carolina Aaa/AA+/AAA 0.14 1.23 1.99 2.89 Tennessee Aaa/AA+/AAA 0.14 1.23 1.99 2.88 Virginia Aaa/AAA/AAA 0.14 1.21 1.94 2.84 West Virginia Aa1/AA/AA+ 0.16 1.32 2.16 3.08

12/17/2014 12/10/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 1 $5,820 ?5,820 Florida 3 371,930 8 521,870 -149,940 Georgia 4 86,965 5 172,385 -85,420 Kentucky 3 5,885 4 49,490 -43,605 Louisiana 1 15,005 3 173,850 -158,845 Mississippi 1 13,500 2 19,445 -5,945 North Carolina 0 0 1 14,475 -14,475 South Carolina 0 0 0 0 0 Tennessee 2 27,840 2 12,765 15,075 Virginia 1 12,000 3 131,770 ?119,770 West Virginia 0 0 0 0 0

Thursday, December 18 Issuer St Description Amount

Thursday, December 18 Issuer St Description Amount

Week Of December 15 Issuer St Description Amount

ILLINOIS

ALABAMA

The trustee for holders of $49 million of bonds has negotiated a delay in plans to close a privately operated jail in Livingston, Texas, whose revenues pay debt service.

Government

The municipal bond market saw spreads on Puerto Rico bonds widen in secondary trading on Wednesday while prices of high-quality municipal bonds were weaker, according to Municipal Market Data.

Riverside, Calif. officials say findings in an audit conducted on 2009 sewer bonds and the city's sewer fund mean the city can move forward on a bond sale.

Moody's Investors Service assigned a negative outlook to Batavia, Illinois electric system revenue bonds citing weakened coverage levels and concerns over political will to raise rates tied to its participation in the Prairie State coal-fired project.

The historic Condado Vanderbilt Hotel fully reopened in Puerto Rico on Dec. 17, opening the way to more than 300 employees to work there.

A ruling by the U.S. Surface Transportation Board that it has authority to pre-empt state environmental law on construction of California's high speed rail project conflicts with a previous decision by a California Court of Appeals.

As state and local governments struggled in the recession, debt grew faster than both revenues and expenditures, climbing 22% from $2.4 trillion in 2007 to $2.9 trillion in 2012.

The New Orleans Aviation Board expects to issue up to $659 million in revenue bonds in February to finance a state-of-the-art terminal and related infrastructure.

State Controller John Chiang issued a report warning of the growing unfunded retiree healthcare liability cost which has reached $71.8 billion.

It is "unlikely" the Federal Open Market Committee will raise rates for "at least the next couple of meetings," Federal Reserve Board Chair Janet Yellen said at a press conference Wednesday, yet she noted that could change based on incoming data.

Standard & Poor's Ratings Services said it lowered to A from A-plus its long-term rating and underlying rating (SPUR) on Lee & DeKalb County Community Unit School District No. 271, Ill.'s outstanding general obligation (GO) bonds.