News and Information from Bond Buyer

ALABAMA

Day Indicator Last Report Forecast Monday Empire State Manufacturing Aug.: 14.69 Sept.: 16.00 Monday Industrial Production July: +0.4% Aug.: +0.3% Monday Capacity Utilization July: 79.2 Aug.: 79.3 Tuesday PPI July: +0.1% Aug.: 0.0% Tuesday PPI Core July: +0.2% Aug.: +0.1% Wednesday CPI July: +0.1% Aug.: 0.0% Wednesday CPI Core July: +0.1% Aug.: +0.2% Wednesday Current Account Q1: -$111.2B Q2: -$114.6B Wednesday NAHB Housing Index Aug.: 55 Sept.: 56 Thursday Housing Starts July: 1.093M Aug.: 1.040M Thursday Building Permits July: 973,000 Aug.: 1.045M Thursday Initial Jobless Claims 9/6: 315,000 9/13: 305,000 Thursday Continuing Claims 8/30: 2.487M 9/6: 2.477M Thursday Philly Fed Manufacturing Aug.: 28.0 Sept.: 23.0 Friday Leading Indicators July: +0.9% Aug.: +0.4%

The Bond Dealers of America has hired two new people and promoted a current employee to boost its advocacy efforts.

A $481 million San Francisco Airport Commission sale will lead the activity in the primary market this week as part of an estimated $6 billion of new-issue volume - the highest estimated volume in almost three months.

Government

A popular front end of the curve coupled with the placement of a century bond indicate that the market has not quite made up its mind as to what the fourth quarter may hold for the municipal market.

Puerto Rico plans to sell a $900 million tax and revenue anticipation note within the next 30 days.

Ohio Auditor David Yost last week testified before the Government Accounting Standards Board that asking local governments to disclose their retiree health care liability would exaggerate the amount of debt of Ohio municipalities.

The judge in the San Bernardino bankruptcy case tentatively ruled Thursday that the city could reject its current collective bargaining agreement with the firefighter's union.

Puerto Rico's August revenues were 5.8% less than projections.

Fitch Ratings has upgraded more than $720 million of debt issued for the San Francisco Bay Area Rapid Transit System.

Flint, in many ways a mini-Detroit, is likely to avoid bankruptcy amid improving financial conditions unless it loses a court battle over its effort to cut retiree health care costs, Moody's Investors Service says in a new report.

Problems with a bank loan led Fitch to become the second rating agency to act against Florida Gulf Coast University, placing its ratings on watch negative.

Americans strongly support tolling existing interstates if collections are dedicated to highway upgrades, according to a new poll.

Despite a significant restructuring of operations and finances in the wake of its poor performance after Hurricane Sandy, the Long Island Power Authority's debt load is rising.

Barclays priced a rare century bond on Thursday for the Cleveland Clinic, demonstrating the market's faith in the health system's ability to mitigate risk usually associated with a 100-year maturity.

Bank regulators may think excluding municipal securities from high-quality liquid assets in their liquidity rule is no big deal, but Moody's Investors Service issued a report on Friday saying it may negatively affect credit ratings in the muni market.

Increasing popular kicker bonds may seem like a sure bet for investors, but analysts warn the growing demand for the bonds is increasing their risk.

Moody's Investors Service said it has downgraded the underlying rating on Chippewa Valley Schools, Mich.'s outstanding general obligation unlimited tax debt to Aa3 from Aa2.