News and Information from Bond Buyer

The Internal Revenue Service is auditing economic development revenue bonds issued by St. Joseph County, Ind. in 2007 for Saint Mary's College.

The Illinois State Toll Highway Authority unveiled a preliminary 2015 budget Wednesday that relies on as much as $800 million of toll-backed borrowing to support $1.6 billion in capital spending.

As the equities market remains volatile, issuers will benefits with cheap borrowing costs in Thursday's primary as investor flock to the traditionally safe asset class.

WASHINGTON — Industrial production rose 1.0% in September, the Federal Reserve reported Thursday.

Indicator Last Report Forecast Actual Empire State Manufacturing Sept.: 27.54 Oct.: 20.80 Oct.: 6.17 PPI Aug.: unch Sept.: +0.1% Sept.: -0.1% PPI Core Aug.: +0.1% Sept.: +0.1% Sept.: unch Retail Sales Aug.: +0.6% Sept.: -0.1% Sept.: -0.3% ex-Autos Aug.: +0.3% Sept.: +0.3% Sept.: -0.2% Business Inventories July: +0.4% Aug.: +0.4% Aug.: +0.2% Treasury Budget Aug.: -$128.7B Sept.: n/a Sept.: +$105.8B

Oct. 16, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.13 1.17 2.15 3.09 Florida Aa1/AAA/AAA 0.14 1.23 2.22 3.17 Georgia Aaa/AAA/AAA 0.13 1.17 2.09 2.98 Kentucky Aa2/AA+/AA+ 0.15 1.26 2.3 3.22 Louisiana Aa2/AA/AA 0.14 1.24 2.26 3.16 Mississippi Aa2/AA/AA+ 0.15 1.25 2.28 3.18 North Carolina Aaa/AAA/AAA 0.13 1.17 2.09 2.98 South Carolina Aaa/AA+/AAA 0.13 1.18 2.13 3.02 Tennessee Aaa/AA+/AAA 0.13 1.18 2.13 3.01 Virginia Aaa/AAA/AAA 0.13 1.16 2.08 2.97 West Virginia Aa1/AA/AA+ 0.14 1.25 2.29 3.2

10/15/2014 10/8/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 0 0 0 0 Florida 10 740,375 6 119,750 620,625 Georgia 6 129,565 6 218,735 -89,170 Kentucky 2 15,500 4 44,770 -29,270 Louisiana 1 30,000 1 30,000 0 Mississippi 2 12,635 1 8,755 3,880 North Carolina 3 109,325 1 98,805 10,520 South Carolina 7 668,560 2 35,210 633,350 Tennessee 5 176,300 2 23,400 152,900 Virginia 4 458,115 4 463,390 -5,275 West Virginia 0 0 0 0 0

Thursday, October 16 Issuer St Description Amount

Thursday, October 16 Issuer St Description Amount

Week Of October 14 Issuer St Description Amount

Week Of October 14 Issuer St Description Amount

ARKANSAS

IOWA

Government

The California County Tobacco Securitization Agency on Oct. 21 plans to price a $95.5 million refunding of 2002 tobacco bonds issued for the Kern County Tobacco Asset Securitization Agency.

Puerto Rico Gov. Alejandro García Padilla announced major changes to three finance departments, including moving Melba Acosta from Treasury to the Government Development Bank for Puerto Rico.

All eyes were on municipals on Wednesday, as the asset class picked up strength from the rallying Treasury market. The firmness stemmed from a red-filled day in the U.S. equities market.

Arizona's Treasurer and Republican candidate for governor is easing off calls for elimination of the income tax amid a $520 million deficit in the current fiscal year and a potential $1 billion shortfall in the next.

Chicago Mayor Rahm Emanuel proposed erasing $300 million of red ink by raising parking and leasing taxes, expected savings, and cuts in a 2015 budget that delays tackling a $550 million pension reckoning.

Moody's Investors Service said it has downgraded to A2 from Aa3 the underlying general obligation rating of Grosse Ile Township School District, Mich.