Public finance

One week after its emergency from Chapter 9 bankruptcy, Moody's Investors Service has assigned Detroit an issuer credit rating that's deep in junk bond territory at the B3 level.

For the week ended Dec. 18, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was lower four basis points from the previous week at 4.28%.

Revenue and demand pressure on not-for-profit healthcare providers as they navigate federal healthcare reform will weigh down the sector for another year, Standard & Poor's said.

ILLINOIS

ALABAMA

As state and local governments struggled in the recession, debt grew faster than both revenues and expenditures, climbing 22% from $2.4 trillion in 2007 to $2.9 trillion in 2012.

Private investors will begin collecting tolls soon on new interstate express lanes in Virginia built and operated under a P3 agreement through 2087.

CONNECTICUT

ALABAMA

Spending on fuel for cars and trucks in 2015 is expected to reach the lowest level in 11 years due to falling pump prices and more efficient engines, according to the Energy Information Administration.

Moody's Investors Service sees a stable outlook for public power in 2015, as an improving U.S. economy outweighs slowing demand for electricity.

Moody's raises its outlook for U.S. airports to positive as economic growth boosts passenger loads.

IOWA

ARIZONA

Detroit has just under two weeks to submit and disclose the final tab of its 17-month bankruptcy after attorneys and advisors agreed in mediation to reduce their fees.

New York's MTA seeks up to $300 million in federal funding for infrastructure improvements for the L subway line to account for a spike in ridership.

INDIANA

Volume will dip considerably low this week as issuers are expected to pare back financings to roughly a third of the early Christmas bonanza they delivered last week.

The federal government has given Illinois and Indiana the go ahead to advance plans for a more than $1 billion bistate toll road both states hope to build with financing from a public-private partnership.

ALABAMA