Public finance

A new Standard & Poor's local methodology is expected to lead to changed ratings for 40% of issuers in a review that will start with the largest 48.

Tax-exempt money market funds saw $1.92 billion of net inflows in the week ended Sept. 9.

CALIFORNIA

ARIZONA

House Transportation Committee leaders unveiled Wednesday a water infrastructure funding bill that would explore the possibilities of a new tax-exempt bond program and encourage public-private partnerships.

Moody's Investors Service expects an increase in toll roads and toll-supported projects, the ratings agency said in a report.

Bond insurer Syncora Guarantee, Inc. will appeal a recent decision by federal Judge Steven Rhodes in Detroit’s bankruptcy, marking the first appeal in the case.

Municipal managers are making last minute adjustments to their holdings in anticipation that the Federal Open Market Committee's meeting next week will mark the beginning of the end to the Federal Reserve's bond buying program.

Reforms to the tax-exemption of municipal bonds should be "careful and deliberative, particularly in how they treat previously-issued debt," a report from the Committee for a Responsible Federal Budget said.

ARKANSAS

CALIFORNIA

ILLINOIS

MICHIGAN

NEW YORK

ALABAMA

A $495 million competitive sale of Arkansas general obligation bonds will lead primary market activity this week as long-term volume increases after last week’s holiday lull.

The municipal bond market took direction from secondary trades and Treasuries this week as a light new-issue calendar took a back seat.

Outflows from municipal bond mutual funds continued into a 15th straight week, with withdrawals in the period ended Sept. 4 amounting to $1.31 billion, according to Lipper FMI data.

CALIFORNIA

CALIFORNIA