News and Information from Bond Buyer

A federal appeals court recently agreed with a lower court that former Miami budget director Michael Boudreaux does not have immunity from Securities and Exchange Commission charges, a decision some experts think could have implications for the SEC's Municipalities Continuing Disclosure Cooperation initiative or other enforcement actions going forward.

Moody's Investors Service said it has upgraded to A3 from Baa1, the rating assigned to Fletcher Allen Health Care, Vt.'s bonds.

Moody's Investors Service said it has downgraded to Baa1 from A2 the underlying rating on Beaver Local School District, Ohio's general obligation unlimited tax debt.

An attorney representing defendants in a Victorville, Calif. bond fraud lawsuit pleaded guilty in a separate case to charges of money laundering and witness tampering.

Hungry for new issues, traders have piled into Tuesday morning's primary, causing aggressive pricing and repricings.

A federal banking rule that doesn't classify municipal bonds as high-quality liquid assets needs to be reworked to ensure it won't impede critical infrastructure development, Sen. Chuck Schumer told regulators on Tuesday.

The state of California is planning to sell $110 million of general obligation bonds for the state's Department of Veterans Affairs mortgage loan program in a competitive offering on Thursday.

With approximately 96% of toll road rating outlooks remaining stable, meaningful changes to ratings in the near to medium term are not expected, according to a Fitch Ratings report.

Standard & Poor's raised Erie County, N.Y.'s general obligation rating to AA-minus from A-minus on strong budgetary performance.

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.120% high yield, a price of 99.878667.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a zero high yield, a price of par.

The National Association of Bond Lawyers has many ongoing projects, including completing an analysis of the long-term implications of a self-reporting disclosure enforcement program, commenting on the SEC's 2012 municipal market report, and providing regulators with its views on tax issues, said its incoming president Antonio "Tony" Martini.

Texas is trying new ideas in infrastructure transportation funding to keep up with demand from a growing population.

The Ohio State University, one of the largest schools in the country, is pondering the issuance of $150 million of century bonds, which would mark its second 100-year debt sale to date.

Moments after Janney Capital Markets cited "cracks" in the foundation of state credit quality nationwide, Pennsylvania said it would have to loan money to itself to keep running.

Chief executive officers' expectations for capital expenditures, hiring and sales fell in the third quarter of 2014, as measured by the Business Roundtable CEO Economic Outlook Index, released Tuesday.

Janney Montgomery Scott LLC promoted 17-year industry veteran Kevin Reed to head its wealth management division, part of an effort to expand and enhance the firm's products and services.

The week's anticipated heaviest day in the primary hits on Tuesday, with five of the top 10 deals tapping the market. Traders expect activity in the secondary to follow, and scales to be impacted by the flurry of new money.

The New York region's service sector activity leveled off, according to the Federal Reserve Bank of New York's September Business Leaders Survey, released Tuesday.

Moody's Investors Service has revised Minnesota-based Fairview Health Services' outlook on its A3 rating to positive from stable in recognition of steady operating improvements.