News and Information from Bond Buyer

Week Of August 11 Issuer St Description Amount

Week Of August 4 Issuer St Description Amount

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Puerto Rico Gov. Alejandro García Padilla created a public transit authority to integrate oversight over various modes of transportation.

The National Association of Bond Lawyers has released a paper designed to provide issuers considering whether to participate in the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation Initiative with an analytical framework to decide whether they made material misstatements about their continuing disclosure compliance.

Standard & Poor's has upgraded the rating on general obligation bonds issued by the Pittsburg Unified School Districted, located east of San Francisco in Contra Costa County.

June was the first month in almost two years when all the private sector components of Puerto Rico's Economic Activity Index were positive year over year.

In an otherwise sleepy secondary Puerto trading volumes spiked on Tuesday, leaving traders to speculate on what information has become available surrounding PREPA's letter of credit.

Government

The Municipal Securities Rulemaking Board will request public comment this fall on a proposal that would require a dealer to disclose to its customers what it paid for the same security on that same day.

The struggling Lakeside 370 Levee District in St. Charles County, Missouri has filed Chapter 9 bankruptcy as it seeks to restructure $34 million of unrated bonds in hopes of improving the project's prospects.

New York City's DOT chose Elliott Bay Design Group of Seattle to design a new class of boats for the Staten Island ferry at an expected cost of $309 million.

The developer of 3 World Trade Center expects that the New York Liberty Development Corporation will sell $1.65 billion in tax-exempt bonds in September to complete the tower.

Detroit emergency manager Kevyn Orr is looking for private firms interested in taking over the city's parking system, where nearly half the meters are reportedly broken.

The National Association of Water Companies wants the Treasury Department to clarify tax rules so that state and local governments can ensure the tax-exempt bonds they used to finance their water and wastewater facilities will not become taxable if they enter into public-private partnerships.

Moody's Investors Service said it has assigned an A2 underlying rating to Gulfport School District, Miss.'s $41.24 million special obligation bonds, Series 2014, and downgraded to A2 from A1 the rating on the district's outstanding parity debt affecting approximately $4.13 million.

Long Island Rail Road pension fraud could happen again if a federal agency isn’t vigilant enough, said budget watchdog group Citizens Budget Commission.

Standard & Poor's Ratings Services said it raised its rating on Southern Huntingdon County School District, Pa.'s general obligation bonds to A-plus from A.

Moody's Investors Service said it has upgraded The New York Methodist Hospital's rating to Baa1 from Baa2.