Public finance

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

ILLINOIS

A privately operated immigration detention center in La Salle, County, Texas, will receive no revenues while closed for repairs, according to a disclosure notice to bondholders.

For the week ended Dec. 11, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped three basis points to 4.32% from 4.35%.

Detroit issued $1.28 billion of new debt that its bond team says required novel financing structures to satisfy both Michigan municipal law and the strict confines of Chapter 9 creditor settlements.

Falling crude prices may make an increase in the federal gasoline tax more politically palatable.

Ratings on many of California's cities continue to recover from the recession, but credit rating distribution in the state remains uneven, according to a report from Standard & Poor's.

ALABAMA

CONNECTICUT

Radian Group Inc. is seeking to sell bond insurer Radian Asset and Assured Guaranty or MBIA may turn out to be the buyer.

The largest municipal bankruptcy in the U.S. formally ends at 12:01 a.m. Dec. 11, and Detroit will begin fresh with local control and $7 billion less debt.