News and Information from Bond Buyer

Atlantic City, N.J., may turn to Standard & Poor's exclusively to rate an anticipated $140 million tax appeal bond after Moody's Investors Service dropped the city to Ba1, four notches below the S&P rating.

Pending home sales grew 3.3% to an index reading of 105.9 in July, after a revised 1.3% decline to 102.5 in June, according to a report released Thursday by the National Association of Realtors.

The changing demographics of prospective students may present an opening for higher education institutions to attract more students and strengthen their revenue stream, according to analysts.

Aug. 28, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.12 1.1 2.2 3.22 Florida Aa1/AAA/AAA 0.12 1.15 2.23 3.28 Georgia Aaa/AAA/AAA 0.12 1.1 2.12 3.1 Kentucky Aa2/AA+/AA 0.14 1.2 2.32 3.33 Louisiana Aa2/AA/AA 0.13 1.18 2.29 3.27 Mississippi Aa2/AA/AA+ 0.14 1.19 2.3 3.29 North Carolina Aaa/AAA/AAA 0.12 1.1 2.11 3.09 South Carolina Aaa/AA+/AAA 0.12 1.11 2.15 3.13 Tennessee Aaa/AA+/AAA 0.12 1.1 2.15 3.12 Virginia Aaa/AAA/AAA 0.12 1.09 2.1 3.08 West Virginia Aa1/AA/AA 0.13 1.19 2.3 3.31

8/27/2014 8/20/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 $0 Florida 6 563,375 8 726,420 -163,045 Georgia 2 24,260 3 30,365 -6,105 Kentucky 3 19,965 5 36,410 -16,445 Louisiana 1 118,875 2 154,875 -36,000 Mississippi 1 3,000 0 0 3,000 North Carolina 0 0 2 121,785 -121,785 South Carolina 1 21,500 1 11,000 10,500 Tennessee 1 27,400 6 122,465 -95,065 Virginia 3 467,770 3 479,690 -11,920 West Virginia 1 18,000 0 0 18,000

Thursday, August 28 Issuer St Description Amount

Thursday, August 28 Issuer St Description Amount

Week Of August 25 Issuer St Description Amount

CALIFORNIA

ALASKA

Detroit said it stands behind the proposed $815 million 'grand bargain" as the best solution to aid pensioners and protect the city art museum's collection, rejecting an offer from Art Capital Group for a $4 billion loan with the art collection serving as collateral.

Traders are hopeful that Wednesday's strong market will spark municipal scales to follow the Treasury rally. Detroit's Water and Sewer Department deal was one of a handful of large deals to price in Wednesday's primary market.

Voters in the Texarkana, Texas, Independent School District will decide whether to issue $30 million of bonds to build a new school.

Government

The Securities and Exchange Commission's new credit rating agency reforms seem to make some positive strides for the muni market by creating parity between municipal and corporate bond ratings and increasing rating methodology transparency, sources said.

Mark Kaufman, known for his work in the Harrisburg restructuring, has relocated from McKenna Long & Aldridge's Atlanta office to San Francisco, where he will lead the firm's municipal restructuring practice.

A growing number of school districts are showing signs of fiscal stress, acoording to a report from the Colorado State Audtor.

Detroit’s $1.8 billion water and sewer revenue bond sale this week drew about $7.6 billion of orders, officials said, allowing the city to lower interest rates and carve out some additional savings.

While Napa Valley's water and sewer utilities took a hit from the recent earthquake that struck the area, damages are management and do not have any immediate impact on credit ratings, according to Standard & Poor's.

Baltimore city and county will provide $280 million for Maryland's $2.9 billion Red Line light rail project to help attract $900 million of federal funding.