News and Information from Bond Buyer

The Illinois State Toll Highway Authority returns to the market Tuesday with a $270 million senior lien revenue bond sale for savings.

Puerto Rico's governor said today that unless oil tax increases pass in the next few days, he would order San Juan's public transit closed on Dec. 1.

Traders were looking at a light and tight primary municipal bond market as less than $1 billion of deals are packed into a two-day pricing window in this holiday-shortened week .

The Internal Revenue Service has ruled that refinancing loans will qualify as student loans that can be financed with tax-exempt bonds.

A lower court ruling throwing out Illinois' pension reforms isn't expected to trigger any immediate negative credit action or legislative moves, as all eyes turn to the Illinois Supreme Court.

Wall Street deserves plaudits for reaching out to former military personnel, said Academy Securities president Phil McConkey, a former Navy veteran and NFL star.

Loma Linda University Medical Center had its outlook lowered to negative by Fitch Ratings, which cited a higher-than-expected debt burden and a pressured financial profile.

Standard & Poor's Ratings Services said it raised its school issuer credit rating (ICR) to A-minus from BBB-plus on Mason County Eastern School District, Mich.'s outstanding general obligation (GO) debt based on an improved financial position that is likely sustainable.

A recent analysis conducted by the California Debt and Investment Advisory Commission found that the state's water districts could afford to pay estimated debt service costs included in the Bay Area Delta Conservation Plan.

Another issuer has disclosed its participation in the Municipalities Continuing Disclosure Cooperation initiative, a move the securities law community agrees is probably not wise.

The Treasury Department Monday auctioned $28 billion of two-year notes with a 1/2% coupon at a 0.542% yield, a price of 99.916676.

Ronnie Lowenstein has been reappointed director of the New York City Independent Budget Office, the agency announced.

Fitch Ratings upgraded Nassau County's long-term debt to stable from negative citing expectations that the Long Island municipality will continue making "modest progress" reducing its budget deficit.

Municipal bond yields were little changed on Monday at mid-session as the holiday-shortened week opened on a very quiet note as traders looked to at a light primary market calendar of under $1 billion.

Standard & Poor's Rating Services said it lowered its long-term rating and underlying rating to BB-plus from BBB-minus on Washington State Housing Finance Commission's existing debt issued for Wesley Homes Inc.

Standard & Poor's Ratings Services said it has lowered its long-term rating and underlying rating on the Delaware Economic Development Authority's $94 million revenue bonds issued for Delaware State University (DSU) to A-minus from A.

Standard & Poor's Ratings Services said it raised its issuer credit rating and underlying rating on Franklin Central School District, N.Y.'s general obligation bonds to A-plus from A.

Tender rates for the Treasury Department's latest 90-day and 181-day discount bills were mixed, as the three-months incurred a 0.020% high rate, down from 0.025% the prior week, and the six-months incurred a 0.070% high rate, unchanged from 0.070% the week before.

Alex Doñé and Neil Messing will oversee private equity and hedge funds, respectively, for New York City's asset management unit, Comptroller Scott Stringer said.

Less than a month after voters approved a record $748 million of bonds, the Katy Independent School District near Houston will refund $139 million of previously issued debt with a boost in its underlying credit rating.