News and Information from Bond Buyer

Feb. 11, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.27 1.36 2.84 4.16 Arkansas Aa1/AA/NR 0.17 1.17 2.62 3.94 Colorado Aa1/AA/NR 0.19 1.25 2.74 4.09 Kansas Aa1/AA+/NR 0.17 1.15 2.63 3.98 New Mexico Aaa/AA+/NR 0.17 1.16 2.64 3.98 Oklahoma Aa2/AA+/AA+ 0.19 1.26 2.74 4.08 Texas Aaa/AAA/AAA 0.17 1.13 2.56 3.93 Utah Aaa/AAA/AAA 0.17 1.11 2.52 3.84

2/10/2014 2/3/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 5 $73,855 3 $46,455 $27,400 Arkansas 0 0 2 12,535 -12,535 Colorado 4 42,480 0 0 42,480 Kansas 8 25,113 9 109,430 -84,317 New Mexico 7 91,420 4 68,815 22,605 Oklahoma 4 49,415 11 105,920 -56,505 Texas 30 2,255,686 31 1,725,821 529,865 Utah 2 18,000 0 0 18,000

Tuesday, February 11 Issuer St Description Amount

Tuesday, February 11 Issuer St Description Amount

Week Of February 10 Issuer St Description Amount

Week Of February 10 Issuer St Description Amount

Municipal bond yields were unchanged Monday as trading activity was muted following a downgrade of Puerto Rico bonds on Friday.

Moody's Investors Service downgraded the Puerto Rico Electric Power Authority to Ba2 from Baa3, increasing the amount of the territory’s speculative grade debt to $63.3 billion.

Government

Cadence Health and Rockford Health System, two Illinois hospital systems that signed a letter of intent to merge in November, have decided cancel the proposed union.

Davenport, Iowa won an upgrade from Standard & Poor's and a downgrade Moody's, landing its rating squarely at the same level in the low double-A- category.

The Center on Budget and Policy Priorities rated Connecticut first among the 50 states in long-term budget planning.

Ann & Robert Lurie Children's Hospital in Chicago won an upgrade from Standard & Poor's in recognition of its improved balance sheet and successful transition to its replacement hospital.

The Texas Permanent School Fund that backs bond debt in the state achieved a record high market value of $29 billion at the end of 2013.

Michigan Gov. Rick Snyder appointed a team to review the finances of the struggling city of Lincoln Park, two weeks after declaring financial emergencies in two other Detroit-area cities.

Standard & Poor's Ratings Services said it raised its long-term and underlying rating on Roanoke, Va.'s general obligation bonds outstanding one notch to AA-plus from AA, with a stable outlook.

Former Bank of America executive Phillip Murphy pleaded guilt Monday in a North Carolina federal court to rigging municipal bond investment bids, while convicted bid-rigger Mark Zaino's sentencing has been delayed yet again in New York.

A bipartisan proposal for national infrastructure bank funded by $50 billion of 100-year taxable bonds is a bad idea, according to the Economic Policy Institute.

The Texas Department of Transportation plans to supply a hungry muni market with $2.6 billion of top-rated bonds in a series of first-quarter deals.

New York Mayor Bill de Blasio spoke in general terms about addressing income inequality in his annual State of the City address.