News and Information from Bond Buyer

Moody's revised the outlook on the Orlando-Orange County Expressway Authority, Fla., to stable as it prepares a work plan and faces potential governance changes.

Investors say they are not interested in the high-credit issuances coming to market this week because the bonds are likely to be too expensive.

Standard & Poor's downgraded Daughters of Charity Health System, Calif. by six notches to junk level B-minus following the system's earlier announcement that it is looking for buyers for its hospitals.

U.S. Bankruptcy Judge Steven Rhodes was expected to make a quick announcement of his choice for a municipal finance expert to help him analyze the feasibility of Detroit's bankruptcy plan.

The Bond Buyer's muni bond indexes were mostly stable in the week ending April 10, as Treasuries softened.

A bill introduced in the Senate that would provide tax relief for major disaster areas designated as such in 2012 and 2013 has several bond provisions, including one that would allow state and local governments to issue qualified disaster area recovery bonds.

The Chicago Infrastructure Trust is conducting an open bidding process for proposals to finance energy upgrades to pools operated by the Chicago Park District and Chicago Public Schools.

The Highway Trust Fund will not be able to meet obligations for highway and transit projects in fiscal 2015 under President Obama's proposed budget, the Congressional Budget Office is warning.

Investors expect the sale of Illinois general obligation bonds later this week to offer higher yields than other issuers coming to market, even after the value of the GOs stabilized with the approval an overhaul of two of the state's four pension plans.

Atlanta Mayor Kasim Reed plans to name Atlanta International Airport's new manager in the next two weeks after interviewing three candidates.

Marcus J. Lemon, a public-private partnership attorney, has joined Polsinelli to assist in the growth of the firm’s P3 practice.

After a Moody's Investors Service downgrade, Texas Southern University still faces a negative outlook, as do some of the marquee names among historically black universities.

Many smaller issuers remain uninformed about what the impending municipal advisor regulatory regime will mean for them, with broker-dealers picking up the slack and providing them with information, according to market participants.

New Mexico must recognize the Fort Sill Apache tribe, according to a state Supreme Court ruling that Gov. Susana Martinez's administration fears will lead to the opening of a casino.

Standard & Poor's has revised the outlook to stable from negative on the Stockton Public Financing Authority's outstanding tax increment financing bonds.

Research firm Municipal Market Advisors questioned the feasibility of Detroit's recent pension settlements, warning that the proposed cuts are so minimal the city could end up back in Chapter 9.

Puerto Rico's employment situation continued improvement in March.

The city of Fort Wayne plans to issue up to $67 million of bonds to finance the takeover of a nearby water utility.

A $23 million entry on the University of North Texas' accounts receivable was unlikely to ever be collected in full, according to an auditor's report.

Rhode Island's failed attempt to settle a lawsuit challenging its pension overhaul law casts uncertainty over the state's finances, say Moody's and Janney.