Investments

DALLAS — As it prepares to bring a two-tranche, $35.9 million deal to the competitive market Monday, College Station received an upgrade of its underlying credit to AA from AA-minus by Standard & Poor’s.

CALIFORNIACalifornia Infrastructure and Economic Development BankJul 28, 2008 . . . . . . $44,900,000

ARKANSASMountain Home School District No. 9 of Baxter CountyAug 13, 2008 . . . . . . $41,055,000

CALIFORNIACalifornia Infrastructure and Economic Development BankJul 24, 2008 . . . . . . $281,450,000

CALIFORNIAButtonwillow Recreation and Park DistrictAug 12, 2008 . . . . . . $4,870,000

In a continued effort to restore liquidity to investors who purchased auction-rate securities issued by municipal closed-end funds, two major mutual fund families are the latest to announce plans to redeem outstanding ARS by using tender-option bonds - TOBs - as a new source of leverage.

WASHINGTON - Three of the largest nonprofit student loan lenders have temporarily withdrawn from lending in the Federal Family Education Loan program despite a high-profile plan by the Department of Education designed to assist non-bank lenders in financing student loans.

ARIZONABuckeye Union High School District No. 201Aug 8, 2008 . . . . . . $22,855,000

ILLINOISLake CountyAug 11, 2008 . . . . . . $35,360,000

DALLAS - Baylor College of Medicine in Texas will get closer to eliminating its outstanding auction-rate debt and all outstanding debt enhanced with insurance from Ambac Assurance Co. with next week's planned negotiated sale of $255 million of hospital revenue refunding bonds by the Harris County Cultural Education Facilities Finance Corp.

ALABAMASpringville (City)Aug 8, 2008 . . . . . . $3,295,000

LOUISIANACaddo ParishAug 7, 2008 . . . . . . $10,000,000

ATLANTA - Investors this week will have the chance to pick up some Georgia paper from an issuer that hasn't been in the market for more than 10 years when Life University in Marietta issues about $70 million of below investment-grade debt through a conduit.

The summer doldrums will take hold of the municipal market this week as new-issue volume dips to $3.96 billion from $5.21 billion last week, according to Thomson Reuters, and a $326.9 million District of Columbia general obligation offering takes the lead as the largest deal on the negotiated calendar.

Weekly reporting municipal bond mutual funds had a net inflow of $375 million during the period ending Aug. 6, AMG Data Services reported.

Massachusetts officials would like to boost investor interest on an upcoming $400 million Massachusetts Educational Financing Authority new-money bond deal, yet differ on how best the state should help the authority with the private-activity bond transaction.

ALABAMAEtowah CountyJun 20, 2008 . . . . . . $9,990,000

CONNECTICUTBerlin (Town)Aug 7, 2008 . . . . . . $7,500,000

Tax-exempt money market fund assets hit a record-high of $521.37 billion for the week ending Aug. 4 after adding $13.36 billion of inflows, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

Nearly all The Bond Buyer's weekly yield indexes rose this week, as losses outweighed gains in a mostly unchanged week.