Investments

Municipal issuers' financial challenges are preventing them from issuing more bonds to take advantage of low interest rates, Virginia Treasurer Manju Ganeriwala said here on Thursday.

ARKANSAS

ALABAMA

Moody's Investors Service said Tuesday it is maintaining its negative outlook on the non-profit health care sector for 2015, warning that key economic and financial conditions are expected to remain weak.

Detroit emergency manager Kevyn Orr said he plans to resign from his position in the new few weeks and that he hopes the city will be allowed to formally exit bankruptcy by Christmas.

ARKANSAS

ILLINOIS

Local water utility executives say they face funding pressures in upgrading treatment systems with limited financial resources.

Oregon Gov. John Kitzhaber is proposing to spend over half of an $18.6 billion budget on schools, community colleges, and universities in the state.

ILLINOIS

MASSACHUSETTS

Oregon must invest more in its transportation needs or face bigger bills down the road, Oregon DOT says.

Colorado State University President Tony Frank said he now supports plans to build a $195 million stadium on the Fort Collins campus through a combination of donations and revenue bonds.

NEW YORK

ARIZONA

Long-term municipal bond issuance rose for the fourth month in a row as volume increased 15.3% in November.

Facing continued deficit operations, Mills College in Oakland, Calif. received a downgrade to Baa3 from Baa2 from Moody's Investors Service.

Pennsylvania is seeking qualified companies to join a public-private partnership to fund and operate transit bus natural gas-fueling facilities.

Municipal strategists say intermediate securities, premium bonds with short calls, and investment-grade paper, top their holiday wish lists of must-have securities as 2014 winds down, while they forecast continued steady performance by municipals into early 2015.

Moody's Investors Service said it downgrades Mills College, Calif.'s debt rating to Baa3 from Baa2.