News and Information from Bond Buyer

Cobb County commissioners on May 27 approved issuing up to $397 million of revenue bonds for the Atlanta Braves $672 million stadium.

The Alaska Municipal Bond Bank Authority is planning to sell $43 million of general obligation bonds in a competitive offering in June.

Fitch placed $34.3 million of Bridgeport Hospital bonds on rating watch positive, citing its pending transaction with Yale New Haven Health System.

Illinois' expected passage of a compromise budget that doesn't extend an expiring income tax hike and relies on one-shots to avoid deep cuts won't sit well with investors or rating agencies, market participants said Wednesday.

Moody's Investors Service said it downgraded La Habra City School District, Calif.'s outstanding long-term general obligation debt of $18.6 million to Aa3 from Aa2.

A New York issuer has applied for relief under the Internal Revenue Service's voluntary closing agreement program so that tax-law violations relating to bonds issued for New York Medical College in 1998 can be settled.

Two members of Congress are urging federal regulators to reevaluate a proposal to exclude municipal bonds from qualifying as high quality liquid assets under banking rule designed to ensure banks are equipped to handle severe financial and economic stress.

Efforts are under way in Congress to amend a new federal loan program for water infrastructure that excludes tax-exempt bonds from the project funding package.

The $784 million Chicago Midway Airport second lien revenue and revenue refunding bonds' high yields sparked investors' interest Wednesday.

New York City's economic growth outpaced the nation in the first quarter of 2014, said Comptroller Scott Stringer.

The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.063%, at a 0.069% spread, a price of 100.011671.

The state of Alaska had its first budget deficit this year after years of large surpluses, but its credit strength still remains very strong, according to a report from Standard & Poor’s.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.513% high yield, a price of 99.937629.

Not long after Citi analysts said they see value in the toll-road sector, the Miami-Dade County Expressway Authority plans to price $340 million of toll-revenue bonds in early June.

Stanley Fischer was sworn-in as a member of the Federal Reserve Board on Wednesday.

Moody's Investors Service said it has assigned a Aa1 rating to the Radnor Township School District, Pa.'s $17.2 million Series 2014 general obligation bonds and upgraded the district's general obligation rating to Aa1 from Aa2.

The Treasury Department Wednesday auctioned $25 billion of 364-day bills at a 0.095% high yield, a price of 99.903944.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.040% high yield, a price of 99.996889.

The week's two top utility deals, scheduled for retail order periods Wednesday, will be in high demand, investors say.

The Massachusetts Gaming Commission, in its latest timetable revision, expects to award a lucrative Greater Boston resort casino license by mid-September.