News and Information from Bond Buyer

Nov. 4, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.19 1.28 2.37 3.33 Arkansas Aa1/AA/NR 0.14 1.15 2.15 3.1 Colorado Aa1/AA/NR 0.15 1.19 2.26 3.23 Kansas Aa1/AA+/NR 0.14 1.19 2.22 3.17 New Mexico Aaa/AA+/NR 0.14 1.16 2.19 3.15 Oklahoma Aa2/AA+/AA+ 0.15 1.22 2.26 3.22 Texas Aaa/AAA/AAA 0.14 1.17 2.15 3.09 Utah Aaa/AAA/AAA 0.14 1.12 2.07 3.01

11/3/2014 10/27/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 4 $95,255 3 $337,500 -$242,245 Arkansas 6 272,685 6 24,350 248,335 Colorado 7 237,870 5 58,995 178,875 Kansas 10 86,128 12 115,338 -29,210 New Mexico 0 0 2 13,615 -13,615 Oklahoma 0 0 1 125,000 -125,000 Texas 44 1,154,777 33 337,270 817,507 Utah 0 0 1 58,835 -58,835

With the economy riding high, issuers in Texas are hoping voters keep their pocketbooks open long enough to approve more than $6.5 billion of bond issues on the ballot Nov. 4.

Good Shepherd Medical Center's failure to complete an assets sale brings a downgrade to BB-minus and a negative outlook from Standard & Poor's.

Charter school giant KIPP School's announcement that it would more than double its Los Angeles enrolment by 2020 is a credit negative for Los Angeles Unified School District, according to Moody's Investors Service.

Voters in Cleveland, Ohio Tuesday will weigh in on a $200 million bond issue that would replenish a 13-year old capital plan for one of the state's largest school districts.

Government

The Nassau County Sewer and Storm Water Finance Authority has received stronger ratings because of a new flow of funds.

Gov. Andrew Cuomo and New York City Mayor Bill de Blasio announced a $400,000 grant program that aims to incentivize new businesses to locate to vacant storefronts along Sandy-damaged Staten Island's waterfront.

The U.S. Supreme Court ruled Nov. 3 that Florida can proceed with its suit against Georgia over fresh water rights.

The $700 million New York City Transitional Finance Authority bonds priced for retail on Monday have attractive spreads on the long end, but the short might be too aggressive to interest investors, traders said.

Missouri-based Mercy Health will sell $355 million of revenue bonds as soon as Tuesday to cover the costs of various projects including the ongoing construction of a replacement hospital for one destroyed by the May 2011 Joplin tornado.

The Independent School District No. 832 in Minnesota is issuing bonds to refund Build America Bonds, and the City of Grand Forks, N.D. has started a process that may lead it to do the same.

Jefferson County is bringing additional attorneys into court to assist with its bankruptcy appeal case in U.S. District Court in Birmingham.

The Treasury estimated its fourth quarter borrowing needs at $232 billion, assuming a $200 billion cash balance at quarter's end.

Debate over who would benefit from a Hawaii constitutional amendment expanding the definition of special purpose revenue bonds originally aimed at preserving agricultural land has heated up in the final weeks leading up to the election.

Standard & Poor's Ratings Services said it has raised its long-term rating on the New York State Power Authority's (NYPA) $1.1 billion of senior debt to AA from AA-minus.

JP Morgan allowed public finance investor and issuer clients to attend its 2014 Public Finance Women's Forum last Thursday instead of limiting it to its own employees.

The Securities and Exchange Commission today sanctioned 13 firms for improperly selling Puerto Rico bonds in denominations below a $100,000 minimum denomination set in a $3.5 billion offering earlier this year.

Moody's Investors Service has upgraded to Aa2 and Aa2/VMIG 1 from Aa3 and Aa3/VMIG 1, respectively, the ratings assigned to Christiana Care Health Services' (CCHS) outstanding bonds, issued by the Delaware Health Facilities Authority.