News and Information from Bond Buyer

Detroit emergency manager Kevyn Orr on Wednesday offered a glimpse into the city's high-stakes negotiations — and subsequent settlements — with bondholders during the course of its historic bankruptcy.

Indicator Last Report Forecast Actual Construction Spending July: +1.2% Aug.: +0.5% Aug.: -0.8% ISM Manufacturing Aug.: 59.0 Sept.: 58.5 Sept.: 56.6

Oct. 2, 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 2.25 3.21 Florida Aa1/AAA/AAA 0.14 1.23 2.29 3.27 Georgia Aaa/AAA/AAA 0.13 1.17 2.16 3.08 Kentucky Aa2/AA+/AA 0.15 1.26 2.37 3.32 Louisiana Aa2/AA/AA 0.14 1.25 2.33 3.26 Mississippi Aa2/AA/AA+ 0.15 1.25 2.35 3.28 North Carolina Aaa/AAA/AAA 0.13 1.17 2.16 3.08 South Carolina Aaa/AA+/AAA 0.13 1.18 2.2 3.12 Tennessee Aaa/AA+/AAA 0.13 1.18 2.2 3.11 Virginia Aaa/AAA/AAA 0.13 1.16 2.15 3.07 West Virginia Aa1/AA/AA 0.14 1.25 2.36 3.3

10/1/2014 9/24/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 0 0 0 0 Florida 4 294,790 11 700,200 -405,410 Georgia 2 24,260 4 55,105 -30,845 Kentucky 3 46,670 1 2,070 44,600 Louisiana 2 123,500 1 82,740 40,760 Mississippi 2 10,015 2 10,455 -440 North Carolina 1 5,500 2 273,675 -268,175 South Carolina 2 68,695 0 0 68,695 Tennessee 7 143,650 2 88,800 54,850 Virginia 2 244,560 1 235,660 8,900 West Virginia 0 0 1 76,270 -76,270

Thursday, October 2 Issuer St Description Amount

Thursday, October 2 Issuer St Description Amount

Thursday, October 2 Issuer St Description Amount

Week Of September 29 Issuer St Description Amount

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The judge in the Stockton, Calif. bankruptcy case has ruled that a city in Chapter 9 bankruptcy has the power to adjust California Public Employees' Retirement System pensions.

Government

Moody's Investors Service has shifted the outlook on its A3 rating of Glendale, Ariz., to stable from negative, citing continued improvement and solid liquidity.

The California Debt and Investment Advisory Commission is conducting an analysis of bond disclosure information provided by conduit borrowers including nonprofit hospitals when significant events occur.

Hawaii judge rules that Hawaii House of Representatives has jurisdiction over residency of legislators, not court, in ruling dismissing lawsuit challenging Hawaii Rep. Calvin Say's residency.

A lease the Pennsylvania government signed for the Harrisburg Redevelopment Authority's 12-story Verizon Tower doesn't generate the revenue needed to prevent a default by the city on its debt-service guarantee for the project, said Moody's.

A handful of smaller, regional deal priced successfully on Wednesday, as traders waited for the week's headline deal, the Texas Transportation Commission, to price on Thursday.

The U.S. District Court for the District of Columbia has dismissed a challenge to the investment advisers pay-to-play rule, ruling that it lacks jurisdiction to hear the case.

Detroit's attorneys called a $1.5 billion 2005 certificates of participation financing an "insider deal" that benefited banks and helped doom the struggling city during a federal hearing on the disputed debt issuance.

U.S. District Judge Sharon Blackburn ruled Tuesday that appeals in Jefferson County, Ala.'s bankruptcy case will go forward.