News and Information from Bond Buyer

Moody's Investors Service on Tuesday withdrew its general obligation bond rating on Tehachapi Valley Healthcare District, Calif. citing a lack of financial information for fiscal 2013, affecting $63 million in debt.

A $235 million advance refunding of Utah general obligation bonds could be sidelined by falling Treasury rates, according to state Treasurer Richard K. Ellis.

The Securities and Exchange Commission's Office of Compliance Inspections and Examinations has launched a program to scrutinize newly-regulated municipal advisors, the SEC announced Tuesday.

Wake County, N.C.'s general obligation issue was priced tight to Municipal Market Data's triple-A scale, as the market expected of the high-quality deal.

California's new law to require issuers to disclose bank loans will likely result in lower borrowing costs, according to a report from Municipal Market Advisors.

The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.035% high yield, a price of 99.997278.

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.105% high yield, a price of 99.893833.

As Detroit gears up for a key trial on its bankruptcy exit plan next week, a long-simmering dispute over $1.4 billion of certificates of participation is just starting to heat up.

Subdued wage growth is a better indicator of labor market slack than low inflation, but neither works well to gauge future inflation, according to Federal Reserve Bank of Cleveland researchers.

It's going to be a slow week in the municipal market with a thin new issue calendar and light trading as market participants look to get their hands on paper before the end of the summer season.

Indicator Last Report Forecast Actual NAHB Housing Index July: 53 Aug.: 53 Aug.: 55

Tuesday, August 19 Issuer St Description Amount

Week Of August 18 Issuer St Description Amount

Week Of August 18 Issuer St Description Amount

ILLINOIS

ARKANSAS

S&P cut its rating to CC from B on the Charter School of Boynton Beach, Fla.'s bonds saying there is a "virtual certainty of default."

Government

Trading volumes, both in absolute number and par amount exchanged, plunged almost 12% in the second quarter of 2014, according to recently released data from the Municipal Securities Rulemaking Board. Traders expect the sleepy trend to continue through at least the third quarter.