Investments

Standard & Poor's has revised its outlook on Columbia College Chicago's underlying BBB-plus rating to negative from stable over its operational struggles and management turnover.

Standard & Poor's lowered the outlook on Arizona State University's AA rating based on prospects for increased debt issuance over the next two years, the agency said.

Moody's Investors Service downgraded healthcare giant Catholic Health Inititiatives to A2 from A1 after a year of declining operating performance.

New Maryland Gov. Larry Hogan included funding for the state's two light rail P3 projects in his fiscal 2015 budget.

NEW YORK

ALABAMA

Fitch Ratings views favorably two recent developments in San Francisco Community College District's accreditation battle, according to a report released Friday.

Some seldom seen issuers are returning to the municipal bond market in the upcoming week as sales slip slightly. Total new issue volume is estimated at $6.138 billion for the week, according to Ipreo and The Bond Buyer. This is down from the $6.992 billion of new supply that priced last week, Thomson Reuters said.

A congressional bipartisan duo filed a bill to capitalize a $50 billion infrastructure bank with 50-year taxable bonds bearing 1% interest.

ARKANSAS

ALABAMA

The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields was up seven basis points to 3.36%, the highest in two weeks from 3.29% in the week ended Jan. 15.

Sen. Rand Paul, R-Ky., is developing legislation that would dedicate revenues from corporate tax reform to federal highway funding.

In the shadow of the biggest Wall Street empires, Hennion & Walsh has managed to thrive for a quarter of a century.

ALABAMA

INDIANA

Jones Day, the law firm that oversaw Detroit's bankruptcy, said it cut its fee by $18 million, leaving a $58 million final tab that it defended as reasonable given the "cutting-edge" nature of the Chapter 9 case.

The All Aboard Florida private passenger train project has received a $1.75 billion federal private activity bond allocation along with conditions that impose a tight timeframe to issue the debt..

President Obama called for bipartisan support for a multiyear transportation funding bill without providing specifics on pay for it.

California's long-term ratings from all rating agencies could hit double-A levels if current conditions continue, according to a Municipal Market Analytics report.