News and Information from Bond Buyer

Rating agencies affirmed Missouri's triple-A but warned they are watching the impact of income tax cuts and a ballot measure that could hurt the governor's power to cut budgeted spending when revenues falter.

A generous settlement with Long Island Rail Road unions could divert critical pay-as-you-go funds from critical MTA capital needs, Moody's said.

Municipal bond funds reported outflows for the first time in 10 weeks.

Moody's Investors Service said it has downgraded Grosse Pointe Public Schools, Mich.'s outstanding general obligation unlimited tax debt to Aa3 from Aa2.

ALABAMA

Week Of July 14 Issuer St Description Amount

Friday, July 11 Issuer St Description Amount

Monday, July 14 Issuer St Description Amount

Monday, July 14 Issuer St Description Amount

CONNECTICUT

Indicator Last Report Forecast Actual Initial Jobless Claims 6/28: 315,000 7/05: 312,000 7/05: 304,000 Continuing Claims 6/21: 2.574M 6/28: 2.565M 6/28: 2.584M Wholesale Inventories April: +1.0% May: +0.7% May: +0.5% Wholesale Sales April: +1.3% May: +0.7% May: +0.7%

Jul. 11, 2014 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.11 1.3 2.39 3.42 California A1/A/A+ 0.14 1.36 2.67 3.87 Hawaii Aa2/AA/AA+ 0.12 1.4 2.58 3.63 Idaho Aa1/AA+/NR 0.11 1.4 2.59 3.65 Montana Aa1/AA/AA+ 0.13 1.41 2.59 3.64 Nevada Aa2/AA/AA+ 0.16 1.46 2.62 3.72 Oregon Aa1/AA+/AA+ 0.11 1.31 2.48 3.52 Washington Aa1/AA+/AA+ 0.12 1.43 2.6 3.67 Wyoming NR/AAA/NR 0.11 1.38 2.48 3.52

7/10/2014 7/3/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 9 390,245 9 476,260 -86,015 Hawaii 0 0 0 0 0 Idaho 1 3,845 1 3,845 0 Montana 0 0 0 0 0 Nevada 2 43,815 2 43,815 0 Oregon 3 225,295 1 5,060 220,235 Washington 2 87,855 2 71,565 16,290 Wyoming 0 0 0 0 0

The Puerto Rico Electric Power Authority said Thursday that its trustee had made an unscheduled withdrawal of $41.6 million from the debt service reserve.

Government

Municipal bond funds reported outflows for the first time in 10 weeks.

House and Senate tax-writing committees approved similar but not identical 10-month, $10.8 billion bailouts of the almost-depleted Highway Trust Fund, with each chairman contending his panel's bill is the most bipartisan measure.

Concerns over Puerto Rico's debt distress is causing five-year credit default swap spreads to widen for bond insurers Assured Guaranty and MBIA's National Public Finance Guarantee, Fitch Solutions said.

The Bond Buyer's muni bond indexes weakened the week ending July 10.

For the first time since 2007, California ended the fiscal year with a positive cash balance in its general fund, according to State Controller John Chiang.