News and Information from Bond Buyer

Standard & Poor's Ratings Services said it lowered its rating to B from A-minus on Clarendon Hospital District, S.C.'s (dba Clarendon Health System) series 2011A general obligation bonds due to significant deterioration in its financial position.

Standard & Poor's Ratings Services said it placed its AA-minus long-term rating and underlying rating (SPUR) on Oak Grove Elementary School District (Santa Clara County), Calif.'s general obligation bonds on CreditWatch with negative implications.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA-minus from A-plus on Fruitvale School District, Calif.'s general obligation bonds.

Municipals were trading in sympathy with Treasuries Thursday morning, as the market digested the news that the Federal Reserve was ending its monthly bond stimulus program and looked ahead to Thursday's planned pricing of the $400 million Illinois State Toll Highway Authority offering.

The Treasury Department said Thursday it will auction $24 billion 91-day bills and $30 billion 182-day discount bills Monday.

In next week's general election, California school districts are asking voters to approve 113 separate bond measures, worth a total of $11.6 billion.

CALIFORNIA

Oct. 30, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.14 1.1 2.1 3.06 Florida Aa1/AAA/AAA 0.15 1.14 2.12 3.12 Georgia Aaa/AAA/AAA 0.14 1.08 1.99 2.95 Kentucky Aa2/AA+/AA+ 0.16 1.18 2.2 3.19 Louisiana Aa2/AA/AA 0.15 1.16 2.17 3.14 Mississippi Aa2/AA/AA+ 0.16 1.16 2.18 3.15 North Carolina Aaa/AAA/AAA 0.14 1.08 1.99 2.95 South Carolina Aaa/AA+/AAA 0.14 1.09 2.03 2.99 Tennessee Aaa/AA+/AAA 0.14 1.09 2.03 2.98 Virginia Aaa/AAA/AAA 0.14 1.07 1.98 2.94 West Virginia Aa1/AA/AA+ 0.16 1.17 2.19 3.17

10/29/2014 10/22/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 0 1 87,040 -87,040 Florida 4 259,975 4 194,430 65,545 Georgia 4 80,015 6 125,805 -45,790 Kentucky 8 158,585 4 23,650 134,935 Louisiana 0 0 1 30,000 -30,000 Mississippi 3 32,500 0 0 32,500 North Carolina 3 108,800 0 0 108,800 South Carolina 0 0 3 54,400 -54,400 Tennessee 3 13,125 2 9,275 3,850 Virginia 6 339,565 5 658,420 -318,855 West Virginia 0 0 0 0 0

Thursday, October 30 Issuer St Description Amount

Thursday, October 30 Issuer St Description Amount

Week Of October 27 Issuer St Description Amount

ARKANSAS

The Orange County Transportation Authority, Calif. issued a request for qualifications Oct. 27 seeking firms interested in working on the $900 million expansion of a stretch of Interstate 405.

A foreign company has selected Illinois as the site of its planned $1.4 billion fertilizer plant with the help of some local and state financial incentives.

Municipal market reaction was muted Wednesday after the Federal Open Market Committee affirmed the Federal Reserve would end its quantitative easing economic-stimulus program, as traders reported limited activity following the announcement.

Government

The Harris County-Houston Sports Authority plans to refinance more than half of its outstanding debt after settling legal disputes with bond insurer National Public Finance Guarantee. The authority plans to issue $579 million.

Jay Walder, a former chairman and chief executive of New York's Metropolitan Transportation Authority, was named chief executive of Alta Bicycle Share, which operates New York City's Citi Bike bicycle sharing program.