News and Information from Bond Buyer

Providence Health & Services priced a deal to finance acquisition of a California hospital, an example of the consolidation trend in healthcare as hospitals grapple with financial pressures wrought by the federal healthcare law

Standard & Poor's Ratings Services lowered its long-term rating and underlying rating (SPUR) to 'BB' from 'BB+' on the University of Puerto Rico's (UPR) existing university system revenue bonds. We also lowered the stand-alone credit profile (SACP) on the university, to 'bb' from 'bb+'. Some of these bonds were issued by the Puerto Rico Industrial, Tourist, Educational, Medical, & Environmental Control Facilities Finance Authority. All ratings have been removed from CreditWatch and assigned a negative outlook.

The Connecticut Bond Commission is set to approve $2.75 million for the new Barnum train station in East Bridgeport, said Gov. Dannel Malloy.

After generating historic inflows last week, tax-exempt money market fund flows returned to negative territory as they lost $1.94 billion and total net assets settled at $256.82 billion in the week

Keith Stokes, the former executive director of the Rhode Island Economic Development Corp. has withdrawn from a lawsuit against the agency's former lawyer and bond counsel over the 38 Studios fiasco.

Palms Springs, Calif. Unified School District is scheduled to auction $109.4 million of general obligation bonds in the competitive market on Thursday.

Indicator Last Report Forecast Actual PPI May: -0.2% June: +0.2% June: +0.4% PPI Core May: -0.1% June: +0.2% June: +0.2% Industrial Production May: +0.5% June: +0.4% June: +0.2% Capacity Utilization May: 79.1% June: 79.3% June: 79.1% NAHB Housing Index June: 49 July: 50 July: 53

Jul. 17, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.11 1.36 2.51 3.56 Florida Aa1/AAA/AAA 0.11 1.35 2.45 3.57 Georgia Aaa/AAA/AAA 0.11 1.29 2.34 3.38 Kentucky Aa2/AA+/AA 0.13 1.41 2.54 3.61 Louisiana Aa2/AA/AA 0.12 1.39 2.52 3.57 Mississippi Aa2/AA/AA+ 0.13 1.39 2.55 3.59 North Carolina Aaa/AAA/AAA 0.11 1.29 2.33 3.37 South Carolina Aaa/AA+/AAA 0.11 1.3 2.37 3.41 Tennessee Aaa/AA+/AAA 0.11 1.3 2.39 3.43 Virginia Aaa/AAA/AAA 0.11 1.28 2.32 3.36 West Virginia Aa1/AA/AA 0.12 1.41 2.55 3.6

7/16/2014 7/9/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $49,890 1 $1,865 $48,025 Florida 3 251,190 3 277,300 -26,110 Georgia 3 36,760 5 65,195 -28,435 Kentucky 4 64,205 4 60,970 3,235 Louisiana 0 0 2 260,020 -260,020 Mississippi 0 0 0 0 0 North Carolina 0 0 2 24,390 -24,390 South Carolina 0 0 1 21,500 -21,500 Tennessee 2 210,000 0 0 210,000 Virginia 2 36,285 1 23,660 12,625 West Virginia 0 0 0 0 0

Thursday, July 17 Issuer St Description Amount

Thursday, July 17 Issuer St Description Amount

Week Of July 21 Issuer St Description Amount

Week Of July 14 Issuer St Description Amount

CONNECTICUT

ALABAMA

Fitch Ratings on affirmed its AAA long-term rating and F1-plus short-term rating on the credit enhancement program sponsored by the California Public Employees' Retirement System.

Four Senators from both sides of the aisle are warning the Treasury Department that the tax consequences of proposed rules could deter state and local governments and businesses from using institutional money market funds for cash management.

Federal Reserve chairwoman Janet Yellen promised a Senator that she would look into concerns that banking regulators' proposed liquidity rules would hurt the municipal market.

Government

The New York City Transitional Finance Authority's $675 million revenue bonds were two times oversubscribed during their intuitional sale on Wednesday.