News and Information from Bond Buyer

Kroll Bond Rating Agency has assigned a AA-plus rating to Assured Guaranty Municipal Corp., citing an ability to satisfy all of its claims in full and on time.

The Chicago suburb of Bridgeview is restructuring $2 million of TIF bonds — and attaching its general obligation pledge to the debt — to help ease a massive debt tied to a troubled soccer stadium.

Moody's Investors Service has upgraded San Diego’s issuer rating to Aa2 from Aa3 and the city's lease revenue bonds to A1 from A2, according to a Nov. 12 report.

Connecticut completed the first project under its local transportation capital improvement program, Gov. Dannel Malloy said.

Atlanta unions are considering an appeal following a superior court ruling Nov. 10 that tossed their lawsuit challenging the city's landmark pension reform package.

Buyers showed a willingness to go long as $394.42 million New York City Municipal Water Finance Authority's bonds and $205.43 million Hospital Authority of Hall County and the City of Gainesville revenue anticipation certificates came to market Thursday.

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated his belief that based on his outlook the fed funds rate should be steady in 2015.

Fitch Ratings said it has upgraded the rating on approximately $14.7 million Massachusetts Development Finance Agency (Brookhaven at Lexington) outstanding bonds to A-plus from A, including: $6.8 million fixed-rate first mortgage revenue bonds, series 2005A; and $7.9 million variable-rate first mortgage revenue bonds, series 2005B.

Missouri will offer its first new-money sale in seven years with its top ratings intact as analysts say it's too early to tell whether a newly approved constitutional amendment or tax cut package will undercut state finances.

A Chicago-based fiscal watchdog group praised Cook County, Ill.'s proposed 2015 $3.7 billion budget for tackling a deficit without any new taxes, but warned the "enormous" problems lie ahead tied to pension problems and the county's massive public health system.

Kentucky's Paducah Power System board Wednesday adopted a sweeping recovery plan to stabilize finances and provide customers with rate relief that includes potentially selling some of its interest in the troubled Illinois Prairie State coal plant.

Virginia's Commonwealth Transportation Board tightens the rules on how the state deals with public-private partnerships.

The federal government ran a $121.7 billion budget deficit in October, the Treasury Department reported Thursday.

A federal appeals court appears likely to hear oral arguments in the case of three convicted UBS AG bid riggers early next year, according to documents filed with the court this week.

Too much job creation in New York is concentrated on low-wage industries, city Comptroller Scott Stringer said in his quarterly economic report.

The Internal Revenue Service is auditing two bond issues sold in 2007 by Colorado authorities for a university and a health care borrower.

The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 3% coupon at a 3.092% high yield, a price of 98.209695.

Investors will grab the longest maturity in the $394.4 million New York City Water Finance Authority water and sewer system second general resolution revenue bonds now that the yield on those bonds has been raised, traders predict.

Adjusting the perceived neutral rate of monetary policy need to be considered only "with great care and discipline," Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Thursday.

The Treasury Department said it will auction $13 billion 9-year 8-month 1/8% inflation-protected notes on Thursday, Nov. 20.