News and Information from Bond Buyer

Moody's Investors Service said it has downgraded Bard College, N.Y.'s rating to Ba1 from Baa1 and revised the outlook to negative.

Indicator Last Report Forecast Actual Initial Claims 12/7: 369,000 12/14: 334,000 12/14: 379,000 Continuing Claims 11/30: 2.790M 12/7: 2.780M 12/7: 2.884M Existing Home Sales Oct.: 5.120M Nov.: 5.030M Nov.: 4.900M Leading Indicators Oct.: +0.1% Nov.: +0.7% Nov.: +0.8% Philly Fed Mfg Survey Nov.: 6.5 Dec.: 10.0 Dec.: 7.0

Dec. 20, 2013 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.17 1.18 2.71 4.18 California A1/A/A+ 0.19 1.38 3.2 4.81 Hawaii Aa2/AA/AA+ 0.17 1.29 2.93 4.38 Idaho Aa1/AA+/NR 0.19 1.31 2.95 4.43 Montana Aa1/AA/AA+ 0.19 1.32 2.93 4.39 Nevada Aa2/AA/AA+ 0.22 1.38 3.05 4.55 Oregon Aa1/AA+/AA+ 0.17 1.24 2.81 4.3 Washington Aa1/AA+/AA+ 0.2 1.28 2.95 4.41 Wyoming NR/AAA/NR 0.17 1.26 2.81 4.26

12/19/2013 12/12/2013 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 4 109,835 16 2,549,176 -2,439,341 Hawaii 0 0 0 0 0 Idaho 1 3,845 1 3,845 0 Montana 0 0 1 55,220 -55,220 Nevada 0 0 0 0 0 Oregon 0 0 2 16,800 -16,800 Washington 2 629,145 5 690,390 -61,245 Wyoming 0 0 0 0 0

Monday, December 23 Issuer St Description Amount

Monday, January 6 Issuer St Description Amount

Friday, December 20 Issuer St Description Amount

COLORADO

CALIFORNIA

Government

Weakness at the five-year part of the municipal bond curve set the tone for the tax-exempt market as it spent Thursday's session catching up to Treasuries.

A building damaged by the 1995 Oklahoma City bombing will be redeveloped with $4.75 million in tax-increment financing.

Heavy outflows from municipal bond mutual funds persisted, Lipper FMI numbers for the week of Dec. 18 showed.

The Carlsbad, N.M., Municipal School District will ask voters to approve $60 million of bonds in a February election.

New York City's near-term fiscal outlook appears strong but uncertainties hover beyond that, according to the Independent Budget Office watchdog organization.

CHICAGO –Indianapolis lost its top issuer credit rating from Standard & Poor's Tuesday over the rating agency's recent changes to its local general obligation credit criteria; it was dropped two notches.

Holders of $238 million of defaulted bonds issued to build garages near Yankee Stadium have agreed to continue negotiations in the hopes of a soccer stadium at the site, according to bond documents.

Queens rebounded strongly from the recession over the past two years, according to an economic snapshot of the New York City borough by state Comptroller Thomas DiNapoli.

Budget weakness brings a Standard & Poor's downgrade to Sedgwick, Kan.'s, general obligation rating to BBB-plus from A-minus.

Louisiana is receiving inquiries asking how the state successfully priced $111.67 million in "unconventional" unclaimed property special revenue bonds Dec. 18.