News and Information from Bond Buyer

6/16/2014 6/9/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 0 $0 8 $249,400 -$249,400 Arkansas 6 45,795 3 22,205 23,590 Colorado 2 36,200 4 71,550 -35,350 Kansas 9 170,525 13 384,680 -214,155 New Mexico 0 0 2 16,427 -16,427 Oklahoma 15 15,700 20 27,885 -12,185 Texas 43 1,691,100 37 1,102,010 589,090 Utah 0 0 4 173,140 -173,140

Tuesday, June 17 Issuer St Description Amount

Tuesday, June 17 Issuer St Description Amount

Week Of June 16 Issuer St Description Amount

Week Of June 16 Issuer St Description Amount

IOWA

Government

Massachusetts Democrats nominated Steve Grossman for governor, setting up a primary battle with Attorney General Martha Coakley and upstart Don Berwick.

Moody's downgraded Glenville State College, W.Va.'s rating to Ba2 from Baa3 citing its exposure to $25 million in bank debt and other fiscal stresses.

Lebenthal & Co. will exit the municipal public finance underwriting and institutional sales business to focus solely on municipal retail sales, the firm said on Monday.

Puerto Rico's House of Representatives approved belt-tightening measures for government employees Friday.

Moody's Investors Service upgraded New York's general obligation and personal income tax bond ratings to Aa1 from Aa2 Monday, citing improved governance and finances.

Fitch Ratings said Monday it has withdrawn its D ratings on most of Detroit's debt, saying there's no reason to maintain a rating on defaulted bonds.

A coalition of state and local groups has written a letter to Securities and Exchange Commission member Daniel Gallagher countering his recent comments about pension obligation disclosure and arguing that any problems in the area are individual and not universal.

Rating agencies and others said that draft standards, which among other things urge states and local governments to disclose their net or total other post-employment benefit liabilities on the face of their financial statements, would be helpful and provide more transparency.

Ahead of a $317 million sale of New York City Housing Development Corp. multi-family housing revenue bonds later this week, JPMorgan priced for retail investors $225 million of the deal’s series C-1 fixed-rate bonds.

Maui County secured Double-A ratings on Friday from two rating agencies and a stable outlook ahead of plans to sell $75.5 million in GO bonds competitively on June 25.

The Securities and Exchange Commission's investigation of the Port Authority of New York and New Jersey must determine if investors needed to know about $1.8 billion of controversial spending, securities law experts said. Others said any SEC enforcement action would not be a fix for the authority's problems.

Kansas is not the only state to experience a steep drop in income tax revenue in May, but Democrats and Republicans draw dramatically different conclusions about the cause.

Donald J. Robinson, a bond lawyer who helped build Orrick, Herrington & Sutcliffe's national practice and represented New York City's Municipal Assistance Corp. over the course of a 45 year career, died June 11. He was 79 years old.