News and Information from Bond Buyer

Moody's Investors Service said it has upgraded to Aa2 from Aa3, the city of Katy, Texas's general obligation bonds, affecting $9.3 million in rated debt.

Fort Worth Transportation Authority may begin construction in 2016 of its long-anticipated $810 million rail line to DFW Airport.

Standard & Poor's Ratings Services said it raised its issuer credit rating (ICR) on St. Vrain Valley School District No. RE-1J, Colo.'s general obligation (GO) bonds to AA from AA-minus.

Standard & Poor's Ratings Services said it lowered its issuer credit rating (ICR) to A-plus from AA-minus on Goodrich Area Schools, Mich.

Fluvanna County, Va.'s three-year legal tussle with Davenport & Co., has come to a close after the county's Board of Supervisors accepted an offer from the firm to drop its pursuit of $1.6 million in legal fees in exchange for an end to the suit and a public statement by the board retracting the claims it made against Davenport.

Moody's Investors Service said it has downgraded to A2 from A1 the rating on the city of Hartford, Conn.'s outstanding general obligation bonds, affecting approximately $352 million of outstanding debt.

Orders for the Texas Transportation deal have come in slim, giving traders only a 10 basis point spread to MMD on the 10-year. Final pricing has not yet been determined.

New York City Transit's station repair program is progressing too slowly, said a report from State Comptroller Thomas DiNapoli.

California's water utility sector is maintaining a strong credit profile, despite pressures from the state's ongoing drought, according to market participants.

The Puerto Rico Treasury reported that September sales and use tax collections were 8.5% above last year's September collections.

The Treasury Department said it will auction $27 billion three-year notes on Oct. 7.

The Treasury Department said it will auction $21 billion 9-year, 10-month 2 3/8% notes on Oct. 8.

The Treasury Department said it will auction $13 billion 29-year, 10-month 3 1/8% bonds on Oct. 9.

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

The much anticipated Texas Transportation Commission deal is expected to price Thursday with spreads investors are certain will be slim.

New orders for manufactured goods dropped 10.1% in August, after climbing an unrevised 10.5% in July, the Commerce Department reported Thursday.

New York City business activity grew at a faster pace in September, as the current business conditions index gained to 63.7 from 57.1 in August, the Institute for Supply Management-New York's Report on Business index, released Thursday, indicated.

Puerto Rico-based Doral Bank's troubles with the Federal Deposit Insurance Corporation have grown. On Sept. 26 Doral received a letter from the FDIC stating it found Doral to be "significantly undercapitalized."

Initial jobless claims fell 8,000 to 287,000 in the week ended Sept. 27, the Labor Department said Thursday.

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Thursday.