News and Information from Bond Buyer

Though Michigan's largest city remains mired in a historic bankruptcy, fiscal conditions appear to be improving for many of the state's other local governments, according to a new report from the University of Michigan.

Moody's Investors Service said it has downgraded the city of Long Beach, Calif.'s senior airport revenue bonds to A3 from A2.

Moody's Investors Service said it has upgraded to Aa2 from Aa3 North Slope Borough, Alaska's outstanding general obligation unlimited tax bonds debt totaling $307.2 million.

Moody's Investors Service said it has upgraded to A1 from A2 rating on approximately $157 million of Sports & Exhibition Authority of Pittsburgh and Allegheny County, Pa., bonds secured by the Allegheny Regional Asset District's (RAD) sales tax allocation, and $10 million of RAD-secured bonds issued by the Allegheny County Industrial Development Authority.

The Small Business Optimism index fell to 95.3 in September from 96.1 in August, the National Federation of Independent Business reported Tuesday.

The Connecticut Housing Finance Authority plans its fourth issuance of the calendar year, a $158 million sale of housing mortgage finance program bonds.

Tuesday, October 14 Issuer St Description Amount

Tuesday, October 14 Issuer St Description Amount

Week Of October 14 Issuer St Description Amount

Week Of October 14 Issuer St Description Amount

CALIFORNIA

ALABAMA

Day Indicator Last Report Forecast Wednesday Empire State Manufacturing Sept.: 27.54 Oct.: 20.80 Wednesday PPI Aug.: unch Sept.: +0.1% Wednesday PPI Core Aug.: +0.1% Sept.: +0.1% Wednesday Retail Sales Aug.: +0.6% Sept.: -0.1% Wednesday ex-Autos Aug.: +0.3% Sept.: +0.3% Wednesday Business Inventories July: +0.4% Aug.: +0.4% Thursday Initial Jobless Claims 10/4: 287,000 10/11: 290,000 Thursday Continuing Claims 9/27: 2.381M 10/4: 2.380M Thursday Industrial Production Aug.: -0.1% Sept.: +0.4% Thursday Capacity Utilization Aug.: 78.8 Sept.: 79.0 Thursday NAHB Housing Index Sept.: 59 Oct.: 59 Thursday Philly Fed Manufacturing Sept.: 22.5 Oct.: 19.9 Friday Housing Starts Aug.: 956,000 Sept.: 1.010M Friday Building Permits Aug.: 998,000 Sept.: 1.030M Friday Michigan Sentiment Sept.: 84.6 Oct.: 84.3 Friday Current Conditions Sept.: 98.5 Oct.: 98.0 Friday Expectations Sept.: 75.6 Oct.: 74.4

Oct. 14, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.18 1.26 2.31 3.24 Arkansas Aa1/AA/NR 0.13 1.13 2.09 3.01 Colorado Aa1/AA/NR 0.14 1.17 2.2 3.14 Kansas Aa1/AA+/NR 0.13 1.17 2.16 3.08 New Mexico Aaa/AA+/NR 0.13 1.14 2.13 3.06 Oklahoma Aa2/AA+/AA+ 0.14 1.2 2.2 3.13 Texas Aaa/AAA/AAA 0.13 1.13 2.09 2.98 Utah Aaa/AAA/AAA 0.13 1.1 2.01 2.92

10/13/2014 10/6/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 0 $0 3 $289,195 -$289,195 Arkansas 6 60,160 5 40,320 19,840 Colorado 4 52,850 5 138,255 -85,405 Kansas 4 14,215 3 22,120 -7,905 New Mexico 0 0 0 0 0 Oklahoma 1 800 8 318,795 -317,995 Texas 36 483,365 45 1,117,175 -633,810 Utah 2 57,660 1 20,000 37,660

State debt issuance has been below average and is likely to remain restrained in the near future despite the fact that infrastructure needs are large, Standard and Poor's said in a report released Monday.

More than $6 billion of long-term new issuance is expected to arrive in the primary market this week, led by a $1.1 billion New York State Dormitory Authority financing that should be highly sought-after by supply hungry investors, municipal traders said on Friday.

Government

The Government Development Bank for Puerto Rico completed a $900 million borrowing deal with banks on Friday.

The new regional authority taking over Detroit's Water and Sewerage Department should be a positive for holders of existing DWSD debt, Moody's Investors Service said Friday.