News and Information from Bond Buyer

Moody's Investors Service said it has downgraded The Sage Colleges, N.Y.'s long-term debt rating on the Series 1999 fixed rate bonds issued through the city of Albany Industrial Development Agency and the underlying rating on the Series 2002 variable rate demand bonds issued through the Rensselaer County Industrial Development Agency to B3 from B2.

Moody's Investors Service has downgraded San Leandro Unified School District, Calif.'s general obligation bond rating to A1 from Aa3, affecting approximately $68.7 million in Moody's rated debt.

COLORADO

Tuesday, August 12 Issuer St Description Amount

Tuesday, August 12 Issuer St Description Amount

Week Of August 11 Issuer St Description Amount

Week Of August 11 Issuer St Description Amount

IOWA

John Burnett, who lost the general election for New York City comptroller last year, joined the New York Republican State Committee as a strategic advisor.

Government

Monday's secondary was mostly flat as traders waited for the week's largest issuances to come through later in the week.

The Puerto Rico Public Corporations Debt Enforcement and Recovery Act, approved by the Puerto Rico legislature in late June, has had a notable impact on market activity and perceived credit quality for bonds of the commonwealth and its agencies.

Moody's Investors Service upgraded Cooper Health System, N.J., bonds, issued through the Camden County Improvement Authority, to Baa2 from Baa3.

California is off to a strong start for fiscal year 2014-15 as July revenues came in above estimates, according to State Controller John Chiang.

The mayor of the city of Warren in Macomb County has filed a lawsuit to overturn a recent ballot proposition that will phase out the personal property tax, which goes to local governments.

A recently announced increase in state-run health insurance rates is a positive for California's non-profit hospitals, according to a report from Fitch Ratings.

Susan Collet, who until recently worked at the Bond Dealers of America, is launching her own government-relations advisory firm focused on municipal securities, tax policy and not-for-profit electric utilities.

Michigan's Attorney General are asking the state supreme court to reconsider a recent ruling that budget officials warn ruling could cost the state up to $1.1 billion and dig a hole in the current-year budget.

Michigan is selling $266 million of state trunk line refunding bonds on Wednesday, hoping to see savings of nearly 8% on the original debt.

President Obama signed a 10-month, $11 billion bailout of Highway Trust Fund that ensures federal reimbursements continue to state transportation projects.