News and Information from Bond Buyer

Indicator Last Report Forecast Actual Wholesale Inventories June: +0.2% July: +0.5% July: +0.1% Wholesale Sales June: +0.4% July: +0.3% July: +0.7%

Sep. 11, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.13 1.13 2.26 3.25 Florida Aa1/AAA/AAA 0.14 1.19 2.3 3.31 Georgia Aaa/AAA/AAA 0.13 1.13 2.17 3.12 Kentucky Aa2/AA?/AA 0.15 1.23 2.38 3.36 Louisiana Aa2/AA/AA 0.14 1.21 2.34 3.3 Mississippi Aa2/AA/AA+ 0.15 1.22 2.36 3.32 North Carolina Aaa/AAA/AAA 0.13 1.13 2.17 3.12 South Carolina Aaa/AA+/AAA 0.13 1.14 2.21 3.16 Tennessee Aaa/AA+/AAA 0.13 1.14 2.21 3.15 Virginia Aaa/AAA/AAA 0.13 1.12 2.16 3.11 West Virginia Aa1/AA/AA 0.14 1.22 2.36 3.34

9/10/2014 9/3/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $3,335 0 $0 $3,335 Florida 9 429,756 4 545,140 -115,384 Georgia 5 237,180 0 0 237,180 Kentucky 3 7,820 1 1,745 6,075 Louisiana 5 59,890 0 0 59,890 Mississippi 0 0 0 0 0 North Carolina 0 0 0 0 0 South Carolina 1 83,580 0 0 83,580 Tennessee 1 31,650 0 0 31,650 Virginia 2 126,750 0 0 126,750 West Virginia 2 118,000 1 18,000 100,000

Thursday, September 11 Issuer St Description Amount

Thursday, September 11 Issuer St Description Amount

Week Of September 8 Issuer St Description Amount

CALIFORNIA

ALABAMA

In its smallest cash-flow borrowing deal since 2006, California achieved a record-low interest rate on its $2.8 billion sale of revenue anticipation notes on Wednesday.

Municipal analysts should scrutinize local pension plans because they are subject to more event risk, according to a report by Loop Capital Markets.

Government

Texas sales tax revenues for August rose 7.5% to a record $2.57 billion, according to state Comptroller Susan Combs.

The New York City Municipal Water Department deal gives the market yield, thanks to its frequency in the primary market. Meanwhile, yields rise in the secondary market, echoing softening in the Treasury markets.

Detroit and Syncora Guarantee Inc. will spend the next few days working to finalize a major agreement that would speed up the bankruptcy, but important questions remain in the case, muni market experts said.

Kentucky State University's plan to disenroll 645 students for failing to pay will exacerbate stressed operations but could be credit positive, said Moody's.

Alvin Community College District in the outskirts of the Houston metro area saw its Moody's Investors Service Rating downgraded to Aa3 from Aa2 after years of operating deficits.

Standard & Poor's Ratings Services said it raised its long-term rating on Morrisville Borough School District, Pa.'s series 2014 general obligation bonds one notch to A-plus from A.

A large number of dealer firms have voluntarily reported to the Securities and Exchange Commission deals they underwrote where issuers failed to disclose noncompliance with their continuing disclosure agreements, the SEC's enforcement director said Wednesday.

Kansas' capital city is considering a $5 billion bond issue to buy a private race track that is generating insufficient sales tax revenue to service previously issued debt.

Jim "J.R." Robertson, whose career in municipal finance spanned more than four decades, died at home in Estes Park, Colo., on Aug. 31. He was 87 years old.