News and Information from Bond Buyer

Friday, August 15 Issuer St Description Amount

Monday, August 18 Issuer St Description Amount

ALABAMA

CALIFORNIA

The Bond Buyer's muni bond indexes strengthened in the week ending Aug. 14.

Inflows for all municipal bond funds rose to their highest levels in the last three weeks. Funds that report weekly said inflows rose to $648 million for the week ending Aug.13 from $16.6 million the week before, according to Lipper FMI.

Government

PREPA receives strong bids as the market awaits information surrounding the its critical two letters of credit.

Detroit Bankruptcy Judge Steven Rhodes pushed back the start date of a trial on the city's confirmation plan by eight days to Aug. 29, noting that the city's plan to reach a settlement with its water and sewer bondholders will likely result in a newly amended confirmation plan.

Moody's Investors Service on Thursday upgraded San Diego County's issuer rating to Aaa and bumped up its lease and pension obligation bond ratings a notch to Aa2.

The Detroit Council unanimously approved emergency manager Kevyn Orr's plan to refinance up to $5.5 billion of water and sewer bonds to help resolve the city's bankruptcy.

Despite strong investment gains and other improvements, a persistent underlying weakness remained the underlying theme for the non profit health care sector in 2013, according to Standard & Poor's.

A group of bondholders trying to recoup their investment in a failed Moberly, Mo. artificial sweetener plant has added as a defendant Raymond James Financial Inc. — which acquired the bond deal's underwriter and lawsuit's original target.

Personal income taxes and possibly all state taxes appear to be down in the second quarter of this year based on preliminary data, the Rockefeller Institute of Government of the State University of New York said in a report released Thursday.

The Connecticut Housing Finance Authority's oversubscribed sale of tax-exempt bonds generated more than $400 million in orders on one day, officials said.

Moody's Investors Service said it has downgraded to Baa3 from Baa1 the rating on Blue Mountain Hospital District, Ore.'s outstanding long-term general obligation debt totaling approximately $4.5 million.

Standard & Poor's Ratings Services said it raised its rating on Ravenswood City School District School Facilities Financing Authority, Calif.'s general obligation revenue debt, issued for Ravenswood City School District, one notch to A from A-minus.

Fitch Ratings said it upgraded Gloucester County, Va.'s $7.2 million Economic Development Authority lease revenue refunding bonds, series 2006 to AA-minus from A-plus, and the county's implied general obligation rating to AA from AA-minus.

The Fannin County Public Facility Corp. in Texas has settled tax law violations with the Internal Revenue Service by agreeing to pay $1.75 million and redeem all of the outstanding bonds from the $30.78 million it issued in 2008 to finance a jail.

Zero coupon tobacco bonds may fall especially hard when interest rates begin to rise, according to analysts who follow the high yield, long maturity securities.