News and Information from Bond Buyer

Light new issue supply ahead of the Thanksgiving holiday led to demand in the secondary market as prices rose, fueled by mixed trading of Jefferson County, Ala., sewer debt after last week’s pricing.

Bond insurers Assured Guaranty and Build America Mutual are getting less compensation for risk as compressed credit spreads and competition force the businesses to cut insurance prices.

Moody's Investors Service has stripped Central College in Iowa of its underlying investment grade rating over its stressed operations.

Cobb County, Ga., is being asked to delay Tuesday's agreement to provide $300 million in public funds toward a $672 million stadium for the Atlanta Braves.

The California High-Speed Rail Authority was denied a judge's permission to issue more than $8 billion in bonds to finance construction of a passenger rail system from San Francisco to Los Angeles.

A $7 million financing for environmental upgrades at a Universal City, Calif. Hilton is expected to propel Los Angeles County's Property Assessed Clean Energy program forward.

The Fannin County Public Facility Corp. in Texas is negotiating with the Internal Revenue Service to settle a dispute over $30.78 million of revenue bonds it issued in 2008 to finance a jail.

Harrisburg, Pa., receivership officials and the agency buying the city's incinerator hope to sell bonds next week to finance a purchase aimed at keeping the city out of bankruptcy.

A bankruptcy Court judge said he expects to rule by Wednesday on American Airlines' request for final clearance to merge with US Airways Group Inc. and exit Chapter 11.

Collingswood, N.J., which objected two years ago when Moody's Investors Service slammed it with a six-notch downgrade to junk, got a AA-minus rating from S&P.

Regulators are closing in on a final Volcker Rule to restrict proprietary trading, dialing up certain requirements related to documentation while providing some flexibility on "market making" activities. This story includes a fully interactive timeline on Volcker's contentious history.

Trading in the tax-exempt market continued to stay quiet with a few bonds in the secondary trading stronger from where the priced in the primary market last week.

Moody's Investors Service revised its outlook on the Chicago Symphony Orchestra's A3 rating to stable from negative in recognition of its improving.

Moody's said Monday that a lawsuit filed to challenge Atlanta's two-year-old pension reform is a credit negative because of the uncertainty it creates.

The public body overseeing construction of a new Minnesota Vikings professional football stadium approved an agreement with the team and developer that caps the construction costs at $763 million.

The Treasury Department Monday auctioned $32 billion of two-year notes with a 1/4% coupon at a 0.300% yield, a price of 99.900644.

Unfunded healthcare liabilities for retired state employees declined a bit since 2011, a new Standard and Poor's report shows, but more management is needed to protect state credits going forward.

The Internal Revenue Service has begun auditing $12.93 million of general obligation bonds issued in 2006 by the Brighton School District No. 27J in Colorado.

The recent surplus forecast from the California Legislative Analyst's Office is a credit positive for the state, according to Moody's Investors Service.

A New York county executive has begun a new front on his goal of merging public finance operations and ousting the municipality’s’ current treasurer. Democratic Suffolk County Executive Steve Bellone has filed a bill that if approved would drop a provision in the county’s charter that protects elected officials from being removed from their post in the middle of a term, Newsday reported. The Long Island lawmaker had tried to include a referendum on the November 5 ballot that would ask voters for approval to consolidate the elected comptroller and treasurer offices, but the move was blocked by the Supreme Court of the State of New York State Appellate Division, Second Judicial Department. The merger would eliminate the Suffolk County treasurer’s post currently occupied by Republican Angie Carpenter, who Bellone defeated for county executive in 2011.