News and Information from Bond Buyer

Oct. 30, 2013 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.88 2.43 4.26 5.57 Indiana Aaa/AAA/AA+ 0.21 1.27 2.66 4.24 Iowa Aaa/AAA/AAA 0.18 1.2 2.6 4.18 Michigan Aa2/AA/AA 0.28 1.4 2.89 4.47 Minnesota Aa1/AA+/AA+ 0.18 1.15 2.52 4.1 Missouri Aaa/AAA/AAA 0.18 1.14 2.49 4.07 Nebraska NR/AAA/AA+ 0.2 1.26 2.69 4.26 North Dakota Aa1/AA+/NR 0.2 1.23 2.63 4.23 Ohio Aa1/AA+/AA+ 0.2 1.24 2.71 4.3 South Dakota NR/AA+/NR 0.21 1.3 2.74 4.33 Wisconsin Aa2/AA/AA 0.21 1.25 2.71 4.32

10/29/2013 10/22/2013 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $204,130 10 $217,255 -$13,125 Indiana 15 168,105 13 145,875 22,230 Iowa 4 102,185 5 114,235 -12,050 Michigan 7 198,045 5 112,375 85,670 Minnesota 24 106,330 25 876,160 -769,830 Missouri 2 25,855 1 4,160 21,695 Nebraska 1 122,535 2 182,535 -60,000 North Dakota 0 0 3 26,200 -26,200 Ohio 14 366,555 16 352,470 14,085 South Dakota 0 0 1 12,180 -12,180 Wisconsin 13 92,830 15 106,055 -13,225

ALABAMA

U.S. airports are rebounding from the recession to a more normal pattern with stabilized ratings, Fitch said in new report issued today (Oct. 30).

Standard & Poor’s dropped the New York State Thruway Authority general revenue bonds to A from A-plus Tuesday.

Government

The Long Island Power Authority offered to redeem up to $2.5 billion of its bonds as part of an overhaul intended to lower electricity rates to its customers.

Moody’s Investors Service has completed its review of California tax allocation bond ratings, making 12 upgrades and nine downgrades and leaving most redevelopment bonds at speculative grade.

Three Senate Democrats introduced a bill on Tuesday that they say is intended to significantly reduce the chances that either political party could use the debt limit to pursue unrelated policy changes.

The tax-exempt market strengthened for a sixth session Tuesday as the week’s largest deals were met with positive reception in the primary market and secondary bonds traded higher.

Detroit’s bankruptcy eligibility trial will continue into next week after five days of testimony in which Michigan Gov. Rick Snyder and Detroit emergency manager Kevyn Orr sparred with creditor attorneys.

Top-10 bond counsel Nixon Peabody LLP promoted two public finance attorneys to the role of counsel.

Texas school districts have shown strength under financial and enrollment pressure, Moody’s Investors Service reported Tuesday.

The new Atlanta Falcons football stadium will cost $1.2 billion, an increase of $200 million from previous estimates, the state agency overseeing the project has learned.

Trimont Real Estate Advisors will replace AEW Capital Management as asset manager for the proposed $260 million Harrisburg, Pa., parking deal.

The Colorado Department of Transportation is preparing to add a 12-mile tolled lane on Interstate 70 west of Denver to reduce peak travel times through the mountain corridor, officials said.

Miami and its former budget director Michael Boudreaux are urging a federal district court to dismiss the securities fraud charges the Securities and Exchange Commmision filed against them in July for disclosure failures.

The retail order period began Tuesday for Connecticut's $600 million sale of Series 2013A special obligation tax bonds, with proceeds to fund transportation infrastructure projects.

The tax-exempt market continued to firm as new issues were well received and bonds traded higher in the secondary market.

Fitch downgraded the rating of Florida's Citrus Memorial Hospital to B-minus from B after the embattled hospital paid off some bank bonds early.