News and Information from Bond Buyer

Moody's Investors Service on Dec. 8 upgraded Clovis, Calif., wastewater revenue bonds to A2 from Baa1 affecting $103 million in outstanding debt.

Gov.-elect Greg Abbott said he wants to invest an additional $4 billion in road and transportation projects in Texas without raising taxes or tolls. Abbott will succeed Texas' longest-serving governor, Rick Perry, in January as the 2015 Legislature convenes.

Wholesale inventories increased 0.4% in October, the Commerce Department reported Tuesday.

Daily Economic indicators box Indicator Last Report Forecast Actual Wholesale Inventories Sept.: +0.4% Oct.: +0.2% Oct.: +0.4% Wholesale Sales Sept.: unch Oct.: +0.1% Oct.: +0.2%

Tarleton State University, part of the Texas A&M University System, plans to build a new Fort Worth campus on 80 acres of land donated by the Walton Group of Companies.

The municipal bond market will see a variety of pricings and sales in the primary. About $12 billion in new bonds are scheduled to come to market this week, most of which are set for sale on Tuesday and Wednesday.

The Small Business Optimism Index rose 2 points in November to 98.1, its highest level since February 2007, according to the National Federation of Independent Business.

Tuesday, December 9 Issuer St Description Amount

Tuesday, December 9 Issuer St Description Amount

Week Of December 8 Issuer St Description Amount

Week Of December 8 Issuer St Description Amount

KANSAS

ILLINOIS

State budgets are expected to show moderate growth and stability in fiscal 2015, according to the National Association of State Budget Officers' fall fiscal survey of states.

Government

The Iowa Public Employees' Retirement System’s funded ratio rose to 82.7% in the last fiscal year up from 81% a year earlier.

A Florida anti-transit tax group asks voters to remain vigilant against future attempts to fund a light-rail commuter system after defeating a tax on Nov. 4.

While the municipal bond market is looking at almost $12 billion in new supply this week, total volume for this year is piling up and closing in on 2013 levels. High-grade muni bond yields fell on Monday ahead of the new issuance.

The Airport Commission of the City and County of San Francisco has agreed to pay the Treasury $67,000 and retire $1.145 million of Series A variable rate revenue refunding bonds issued in 2010 to settle a tax dispute with the Internal Revenue Service.

Nassau Regional Off-Track Betting is taking steps to float bonds for a new mini casino.