Investments

ALABAMA

Table as of: 07/24/2012 11:17 AM Invisible Supply Issuer and purpose Amount

ARIZONA

CALIFORNIA

Fitch Ratings has dropped 26 U.S. municipal bonds supported by three major Japanese banks.

The school's Aa1 rating is at risk after the NCAA imposed a $60 million fine for its role in a child sex-abuse scandal.

Moody's Investors Service affirmed the A1 rating for the Metropolitan Utilities District of Omaha, removing it from review for possible downgrade, and assigned a negative outlook.

Sussex County board member Eric Fly voiced his concern over the process and the plan itself, "The whole process is backwards. VDOT isn't going to give the public any time to voice their opinion prior to submitting their final application to the Federal Highway Administration. They clearly know that the public is against the idea and are therefore trying to jam it through before any public comment.

MICHIGAN

ILLINOIS

Table as of: 07/23/2012 13:11 PM Invisible Supply Issuer and purpose Amount

Ohio State University touted the results of last week's $114 million refunding, saying demand outstripped supply by nearly three times, and that the deal was the university's latest successful move to drum up new revenue for its academic programs.

The U.S. Department of Transportation today announced $787 million in grants to 48 states, the District of Columbia and Puerto Rico for 255 projects that will upgrade or replace mass transit infrastructure.

The rating agency does not expect the NCAA's $60 million fine to immediately affect the long-term ratings on various revenue bonds issued by and for the school.

Stockton, Calif. asked bondholders and bond insurers to take major hits during the mediation process that preceded the city's Chapter 9 bankruptcy filing.

If municipal bond market observers feel there are other time bombs out there waiting to detonate that resemble the accusations surrounding the manipulation of Libor, they won't be found in variable-rate debt tied to the SIFMA municipal swap index.

MISSISSIPPI

CALIFORNIA

The municipal market expects a dip in supply for the primary this week

Fitch Ratings is preparing to possibly drop nearly all of its charter school ratings.