The Bond Buyer articles from February 2007

The Bond Buyer archives from February 2007

Thursday.
February 1, 2007... Regions NEW HAVEN, CONN. will competitively sell $39.5 million of fixed-rate general obligation bonds Tuesday to pay off some city notes and fund various capital improvement and school construction projects. 3 Washington STATES...

Spitzer Unveils $120B Plan: Calls for Major Changes in Bonding.
February 1, 2007... ALBANY -- New York Gov. Eliot Spitzer yesterday proposed a $120.6 billion budget that also calls for significant changes to how the state issues debt, including reducing the number of bond issues on the state's personal income tax credit by...

Record Volume for January: Issuers Sell $29.2B.
February 1, 2007... Momentum from the record fourth quarter carried rolled through the holiday lull this year, driving out $29.2 billion of public debt sales last month - the most ever for a January, according to Thomson Financial. Sales during the second and...

SEC Moves Forward on NRSRO Rules.
February 1, 2007... WASHINGTON -- The Securities and Exchange Commission yesterday unanimously voted to propose rules that, for the first time, would establish a registration and regulatory system for credit rating agencies whose ratings are used by municipal and...

In Brief: Fed Keeps Interest Rates Unchanged.
February 1, 2007... WASHINGTON -- Federal Reserve Board policy makers continued to hold the federal funds rate at 5.25%, as recent indicators have shown somewhat firmer economic growth, according to a statement issued yesterday. The Federal Open Market...

In Brief: Quarterly Refunding To Raise $2.9 Billion.
February 1, 2007... WASHINGTON -- The Treasury Department said yesterday it will raise approximately $2.9 billion with its quarterly refunding by auctioning $38 billion in three segments to refund $35.1 billion of privately held securities. Treasury will...

In Brief: GDP Growing at 3.5% Rate, Advance Report Shows.
February 1, 2007... WASHINGTON -- The economy picked up speed in the fourth quarter, growing at a faster-than-expected rate of 3.5%, the Commerce Department revealed yesterday in its advance report on the economy's performance. The rise, which came as the...

In Brief: Employment Costs Rose 0.8% in 4Q.
February 1, 2007... WASHINGTON -- Employee compensation costs rose 0.8% in the fourth quarter of 2006, according to U.S. Labor Department data released yesterday. The 0.8% increase in the seasonally adjusted employment cost index for all civilian workers was...

In Brief: Construction Spending Slips 0.4% to $1.178 Trillion.
February 1, 2007... WASHINGTON -- Spending on construction projects fell 0.4% to a seasonally adjusted annual rate of $1.178 trillion in December, as private construction decreased 0.8%, but public construction rose 0.6%, according to Commerce Department figures...

In Brief: Chicago PMI 48.8 in Jan., Off From 51.6 in Dec.
February 1, 2007... The Chicago Purchasing Managers' Business Barometer slumped to 48.8 in January from a revised 51.6 in December, originally reported as 52.4, the National Association of Purchasing Management-Chicago said yesterday. After the revisions,...

Munis Firmer After Fed Changes Outlook.
February 1, 2007... The municipal bond market was firmed yesterday, following Treasuries, as Federal Reserve Board policymakers changed their inflation outlook and held the federal funds rate unchanged at 5.25%. The Federal Open Market Committee, whose two-day...

New Haven, Conn., Readies $39.5 Million GO Offering.
February 1, 2007... New Haven, Conn., will competitively sell $39.5 million of fixed-rate general obligation bonds Tuesday to pay off some city notes and fund various capital improvement and school construction projects. Public Financial Management Inc. is the...

Delta Bonds Steady Despite US Airways Action.
February 1, 2007... CHICAGO -- The announcement yesterday that US Airways Group Inc. had withdrawn its $9.8 billion bid to take over bankrupt Delta Air Lines Inc. had minimal effect on trading of Delta's special facilities revenue bonds, as repayment levels now...

Infrastructure: House Water Subcommittee Votes to Boost SRFs by $20 Billion Over Six Years.
February 1, 2007... States would be in line to receive $20 billion in grants over six years to loan out to local governments to help finance wastewater infrastructure improvements under legislation approved yesterday by a House water panel. The House...

Appropriations: House Passes $463 Billion Spending Plan for Fiscal 2007.
February 1, 2007... The House yesterday approved a giant $463 billion spending package for the remainder of the current fiscal year, which includes a $3.5 billion annual increase for highway construction, a $470 million gain for transit programs, and a $502...

Bond Insurers: Ambac Financial Group Announces Fourth-Quarter Earnings.
February 1, 2007... Ambac Financial Group Inc., parent of triple-A bond insurer Ambac Assurance Corp., announced yesterday that it earned $202.7 million during the fourth quarter of 2006, a 1% decrease from the same period in 2005. In its public finance...

People: First Southwest Hires Former Dallas Judge.
February 1, 2007... As it continues to cooperate with the Securities and Exchange Commission and the Justice Department regarding widespread investigations into the reinvestment of municipal proceeds, First Southwest Co. announced Monday that it has hired a former...

Arkansas Senate Approves Historic Sales Tax Reduction.
February 1, 2007... DALLAS -- The Arkansas Senate on Tuesday unanimously approved a measure that would halve the current 6% sales tax on groceries -- a bill that, if approved by the House, would mark the largest tax cut in the state's history. SB 185,...

Financial Advisers: N.Y.-Based PRAG Opens Fort Lauderdale, Fla., Office.
February 1, 2007... BRADENTON, Fla. -- New York -based financial adviser Public Resources Advisory Group has opened an office in Fort Lauderdale, Fla., and has hired a local public finance official to head up its new branch. Matthew Lalla, who was most...

Deal in Focus: Triple-A Fairfax County, Va., Set to Sell$300M in Three Deals by Three Agencies.
February 1, 2007... WASHINGTON -- Gilt-edged Fairfax County, Va., will competitively sell about $300 million of new-money and refunding debt in three sales set for the first half of February, the largest of which will take out debt issued for the county's water...

Deal in Focus: Fairfax County, Va., Water Authority Bond Sales.
February 1, 2007... Issue Amount* Sale Date Refunding revenue bonds, Series 2005 A&B $113.4 March 2005 Revenue bonds, Series 2004 $100.6 June 2004 Refunding revenue bonds, Series 2003 $50.4 Nov. 2003 Revenue & refunding bonds, Series 2002...

Deal in Focus: Southeast Invisible Supply.
February 1, 2007... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date ALABAMA Birmingham Jefferson convention rev. bonds $600 P 2007 FLORIDA Miami-Dade County aviation bonds $600 A UBS...

Visible Supply by State.
February 1, 2007... Jan. 31, 2007 Jan. 24, 2007 State Issues Amount Issues Amount Chg in Amt Alabama 0 $0 0 $0 $0 Florida 10 847,965,000 11 854,315,000 -6,350,000 Georgia 1 14,000,000 1 14,500,000 -500,000 Kentucky 5...

Plain/Insured GO Yield Curves for Jan. 30, 2007*.
February 1, 2007... State Ratings One-Year Five-Year 10-Year 30-Year Virginia Aaa/AAA/AAA 3.61 / 3.61 3.70 / 3.74 3.87 / 3.94 4.20 / 4.25 North Carolina Aaa/AAA/AAA 3.61 / 3.61 3.71 / 3.77 3.89 / 3.97 4.20 / 4.30 Georgia Aaa/AAA/AAA...

FLORIDA: Citizens' 3-Way Affirmation.
February 1, 2007... All three major rating agencies have affirmed Citizens Property Insurance Corp.'s ratings following Gov. Charlie Crist's signing of a bill last week that is expected to greatly expand the state-run insurer's policies. Fitch Ratings on...

GEORGIA: System's Ratings Stay Put.
February 1, 2007... Savannah-based St. Joseph's/Candler Health System saw both its BBB-plus rating from Fitch Ratings and it Baa1 rating from Moody's Investors Services affirmed over the past week. The system has no plans to sell new debt, and has impressed...

SOUTH CAROLINA: Bank Yanks Refunding.
February 1, 2007... The South Carolina Infrastructure Bank pulled a roughly $110 million deal that was scheduled for sale yesterday after interest rates moved to levels that made the deal unfeasible. Officials say they were trying to achieve a net...

VIRGINIA: Moody's Drops Suffolk.
February 1, 2007... Moody's Investors Service on Friday downgraded Suffolk's general obligation rating to Aa3 from Aa2, affecting $148 million of outstanding debt, and said the credit outlook remains negative. The rating change reflected the city's diminished...

Competitive Bond Offerings.
February 1, 2007... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is on the Bond Buyer Online's Competitive Bond Offering Calendar....

Competitive Note Offerings.
February 1, 2007... Tentative dates for negotiated sales of $1 million or more. Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is...

Negotiated Bond Offerings.
February 1, 2007... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of January 29 Aspen Vly...

Results of Negotiated Sales.
February 1, 2007... ARKANSAS Saline County Proprty Owners' Multipurpose Improvement District NO. 72 Jan 19, 2007 $2,705,000 Improvement Bonds, Series A (Stonehill Subdivision Project) (bank qualified) (book entry) $760,000. Dated Feb 1, 2007....

Results of Competitive Sales.
February 1, 2007... ARKANSAS Fouke School District No. 15 of Miller County Jan 31, 2007 $3,990,000 Refunding and Construction Bonds, Series B (bank qualified) (book entry). Dated Feb 1, 2007. Due Jun 1, 2007 to 2036. Callable Jun 1,...

Moody's Lowers Cincinnati/Northern Kentucky Airport, Citing Delta Woes.
February 1, 2007... ATLANTA -- Moody's Investors Service yesterday lowered about $317.5 million of airport revenue debt sold for the Cincinnati/Northern Kentucky International Airport to A3 from A2 due to the ongoing uncertainties over the financial recovery of...

D.C. Ends Fiscal 2006 With 10th Consecutive Balanced Budget.
February 1, 2007... WASHINGTON -- The District of Columbia ended fiscal 2006 very strongly with a $325 million general operating surplus and a $1.4 billion cumulative general fund balance, an independent audit released yesterday showed. The surplus figure for...

Texas Gov. Vows to Fight Legislation Aimed at Crippling Corridor.
February 1, 2007... DALLAS -- Texas Gov. Rick Perry says he will fight to ensure that the Texas Transportation Commission's authority to build six statewide transportation and utility corridors remains intact, adding that he is monitoring legislation aimed at...

Municipal Bond Activities.
February 1, 2007... February 12-13 The Bond Buyer will hold its 11th Annual Texas Public Finance Conference at the Barton Creek Resort & Spa in Austin. This premier conference will bring together the state's most forward-thinking public-sector finance...

New-Issue Volume Notes.
February 1, 2007... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's database on Wednesday, Jan. 31, 2007. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities...

Long-Term Bond Sales: January.
February 1, 2007... 2007 2006 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $29,222,800 735 $18,778,800 719 +55.6 % Development 218,500 18 49,800 12 +338.8 Education 9,492,900 315 6,156,500 293 +54.2 ...

Bond Sales by State: January 2007.
February 1, 2007... 2007 2006 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 40 $57,600 29 $113,900 -49.4 % Alaska 34 138,800 22 238,600 -41.8 Arizona 11 811,700 28 132,000 +514.9 Arkansas 47 26,500 41...

Largest Issues: January 2007.
February 1, 2007... Amount Issuer Date $3,622.2 New Jersey Tobacco Settlement Finance Corp. Jan 24 1,289.3 Los Angeles Unified School District, Calif., GOs (ref) Jan 9 848.0 Massachusetts Water Resources Authority (NM/ref) Jan 18 504.7...

Municipal Market Data General Obligation Yields.
February 1, 2007... Aaa Aaa (pure) (ins) Aa A Baa 2008 3.61 3.67 3.67 3.72 3.88 2012 3.69 3.81 3.79 3.91 4.04 2017 3.86 3.98 3.96 4.10 4.23 2022 3.99 4.11 4.09 4.23 4.36 2027 4.09 4.20 4.18 4.31 4.43 2032 4.14 4.24 4.23 4.36 4.47...

U.S. Securities Prices.
February 1, 2007... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 3/1/2007 4.903/893 4.840/820 4.990 3M -- 5/3/2007 4.980/960...

Short-Term Tax-Exempt Yields.
February 1, 2007... Jan 31, 2007 Jan 30, 2007 Feb 1, 2006 Selected MIG-1/SP-1+ Notes California Rans 4 1/2s (June 07) 3.46 3.48 3.16 Los Angeles Co Trans 4 1/2s (June 07) 3.48 3.48 3.16 Michigan GO 4 1/4s (Sept 07) 3.65 3.63 n.a. Texas...

Market Indicators.
February 1, 2007... Dollar amounts are in millions Day's 2007 2007 Daily Yesterday Change High Date Low Date Municipal Bond Index 115-10 +15/32 116-26 (1/4) 114-24 (1/29) 40 Average Dollar Price 99.95 +0.40 100.97 (1/4) 99.45 (1/29) ...

One-Year Note Index.
February 1, 2007... 2007 Jan 31 3.63% 24 3.60 17 3.56 10 3.53 3 3.51 2006 Dec 27 3.52 20 3.52 13 3.51 6 3.48 Nov 29 3.50 21 3.52 15 3.52 8 3.52 ...

New-Issue Balances.
February 1, 2007... (,000 Omitted) *Since initial reoffering +Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $33,520 1/31 Manchester, N.H. $32,495 $1,025 RECENT OFFERINGS $122,640 1/24 Virginia Transp. Bd....

Reoffering Yields.
February 1, 2007... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer Amount Date ($Mil) RECENT OFFERINGS 1 Year 5 10 15 20 25 30 Aaa -- AAA 1/30 35.7 Travis Co., Tex. 3.71 3.86 4.07 4.42 4.59...... 1/23 367.7...

Municipal Bond Prices.
February 1, 2007... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations Inc. All figures are rounded to the nearest eighth when reported in this table. "Change in Bid" is rounded after calculation. Dollar...

Municipal Bond Index.
February 1, 2007... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 115-10 114-27 115-19 116-13 113-22 Wednesday, January 31, 2007 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price ...

Municipal Bond Index Update.
February 1, 2007... The list of bonds used to calculate the Municipal Bond Index was revised after the Jan. 31 pricing. The new coefficient is 1.0405. It was derived by dividing the Jan. 31 index (115.314918) by the average converted price of the new set of...

Florida Governor Floats Property Tax Relief Plan; Local Governments Wary.
February 1, 2007... BRADENTON, Fla. -- Florida Gov. Charlie Crist is proposing to ask voters to approve property tax relief measures that could potentially erode the ad valorem assessment base that cities, counties, and school districts use to fund their budgets,...

Friday.
February 2, 2007... Regions THE DISTRICT OF COLUMBIA is interested in the idea of privatizing its lottery, but wants to closely follow more advanced plans in at least three states before deciding, a district official said yesterday, a day after the city's...

United's SFO Case Appealed: HSBC Disputes Bond Valuation.
February 2, 2007... CHICAGO -- The trustee representing holders of $155 million of special facilities revenue bonds that financed improvements to United Air Lines Inc.'s maintenance facility at San Francisco International Airport this week appealed the $27.2...

Flush With Taxes, Charlotte Sees More Bonding.
February 2, 2007... ATLANTA -- Charlotte, N.C., officials say the city could have more bonding capacity to fund capital projects over the next several years, thanks mostly to higher property and sales tax collections. Finance officials for the triple-A rated...

Trends in the Region: Kelo Comes to California: Eminent Domain Decision Impacts State.
February 2, 2007... SAN FRANCISCO -- The reverberations of the U.S. Supreme Court's Kelo v. New London decision will continue to impact California's multibillion-dollar redevelopment sector in 2007, after an eventful 2006. The 2005 Kelo decision upheld, on...

In Brief: Jobless Claims Fall 20,000 to 307,000.
February 2, 2007... WASHINGTON -- First-time applications for state unemployment claims fell 20,000 to 307,000 in the week ending Jan. 27, according to data released by the Labor Department yesterday. The seasonally adjusted figure was below the 315,000 level...

In Brief: Personal Income Up 0.5%; Spending Rises 0.7%.
February 2, 2007... WASHINGTON -- Consumption levels outstripped incomes for all of 2006, making it the first full year of negative savings since the beginning of the Great Depression, data released by the Commerce Department yesterday showed, while for December...

In Brief: ISM Index Falls to 49.3 From 51.4 in Dec.
February 2, 2007... The overall economy grew for the 63rd straight month, while the manufacturing sector failed to expand for the second time in three months, the Institute for Supply Management reported yesterday. According to the ISM's monthly report on...

In Brief: T-Bill Auction to Raise $1.01B New Cash.
February 2, 2007... WASHINGTON -- The Treasury Department said yesterday it will raise $1.010 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $34 billion to refund $32.990 billion in maturing securities. To be...

Munis End Unchanged Despite Early Gains.
February 2, 2007... The municipal market ended unchanged yesterday as early modest gains dissipated and Treasuries declined. "The market had a little pop first thing in the morning because of the economic news, and then we were washed away a bit with a little...

Florida Citizens Board of Governors Approves Sharon Binnun as New CFO.
February 2, 2007... BRADENTON, Fla. -- The Citizens Property Insurance Corp.'s new chief financial officer will be Sharon Binnun, the Florida agency's board of governors decided unanimously and without discussion on Wednesday. Binnun, a certified public...

D.C. Mulls Lottery Privatization, But Holds Off on Concrete Plans.
February 2, 2007... WASHINGTON -- The District of Columbia is interested in the idea of privatizing its lottery, but wants to closely follow more advanced plans in at least three states before deciding if it wants to develop its own proposal, a district official...

N.Y. Budget Office Releases $6.49B Bond Calendar for FY '08.(Calendar)
February 2, 2007... New York's Division of Budget released a proposed bond calendar for fiscal 2008 following Gov. Eliot Spitzer's budget presentation on Wednesday that calls for $6.49 billion of bond sales, primarily on the state's personal income tax credit. ...

Transportation: Aviation Group Urges Congress to Extend Tax Funding FAA Programs.
February 2, 2007... A group representing the nation's general aviation industry urged Congress yesterday not to discard the expiring tax system that funds Federal Aviation Administration programs in favor of a user-fee based system that could be used repay air...

Supreme Court: Justices a Step Closer to Reviewing Kentucky Case.
February 2, 2007... The Supreme Court has moved a step closer to deciding whether it will review a high-profile Kentucky case in which a married couple successfully sued the state for taxing interest earned on bonds sold by out-of-state issuers. The court...

Kansas Governor's School Plan Includes Bonds Backed by Toll Hike.
February 2, 2007... DALLAS -- Up to $300 million of bonds supported by an increase in tolls on the Kansas Turnpike is the main plank in Gov. Kathleen Sebelius's six-year plan to provide up to $575 million for deferred maintenance at the state's colleges and...

Indexes: Weekly Yields Mixed as Muni Market Grows Firmer After Fed Outlook Revision.
February 2, 2007... The Bond Buyer's yield indexes were narrowly mixed this week as the municipal market grew firmer towards the end of the week, following the Federal Reserve Board's changing of their inflation outlook and holding interest rates unchanged...

Trends in the Region: Far West Invisible Supply.
February 2, 2007... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date CALIFORNIA Golden State Tobacco refunding $4,000 A Bear Stearns/Goldman Feb./March Bay Area Toll Authority rev. bonds $1,000 P...

Visible Supply by State.
February 2, 2007... Feb. 1, 2007 Jan. 25, 2007 State Issues Amount Issues Amount Chg in Amt Alaska 0 $0 0 $0 $0 California 7 1,975,755,000 17 2,916,240,000 -940,485,000 Hawaii 0 0 0 0 0 Idaho 1 29,500,000 1 18,000,000...

Plain/Insured GO Yield Curves for Jan. 31, 2007*.
February 2, 2007... State Ratings One-Year Five-Year 10-Year 30-Year Oregon Aa3/AA-/AA- 3.63 / 3.63 3.79 / 3.77 3.97 / 3.95 4.27 / 4.25 Montana Aa2/AA-/NR 3.67 / 3.66 3.79 / 3.75 3.97 / 3.96 4.25 / 4.25 Idaho Aa2/AA-/NR 3.66 / 3.65...

CALIFORNIA: Gomez Heading CEFA.
February 2, 2007... State Treasurer Bill Lockyer Tuesday announced the appointment of Jose Gomez as executive director of the California Educational Facilities Authority. The CEFA serves as a conduit issuer to make tax-exempt bond financing available to...

CALIFORNIA: Obispo District Scores MIG-1.
February 2, 2007... Moody's Investors Service assigned its top MIG-1 short-term rating on Monday to the San Luis Obispo County Community College District's $29 million grant anticipation note sale. The Gans are secured by a first and exclusive pledge and lien...

CALIFORNIA: Sacramento RDA's New Chief.
February 2, 2007... Laurie Weir, a former deputy state treasurer, on Saturday was named deputy executive director for the Sacramento Housing and Redevelopment Agency. "We are looking forward to Laurie sharing her firsthand knowledge of best practices in...

HAWAII: State Weighs Firms for Sale.
February 2, 2007... Hawaii is evaluating lead underwriters for an expected sale of about $350 million of new-money general obligation bonds set to sell in April. The choice will come from a pre-qualified list including Citigroup Investment Banking, UBS...

NEVADA: Spending Caps Revisited.
February 2, 2007... Assemblywoman Francis Allen, R-Clark County, is sponsoring a bill reviving the issue of state government spending caps. "I proposed the same spending cap with the assistance of the Nevada Taxpayers Association two years ago, before Sen. Bob...

OREGON: Free Rides in Portland.
February 2, 2007... Portland celebrated the grand opening of a new aerial tram last weekend by offering free rides. The tramway is designed to connect the hospital and campus of Oregon Health & Science University, located on a hilltop, with the neighborhood along...

WASHINGTON: Snoqualmie School GOs.
February 2, 2007... On Tuesday, the Snoqualmie Valley School District No. 410 will ask for its largest general obligation bond authorization ever - $209.2 million for projects to accommodate an additional 3,000 students over the next dozen years. The...

Competitive Bond Offerings.
February 2, 2007... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is on the Bond Buyer Online's Competitive Bond Offering Calendar....

Competitive Note Offerings.
February 2, 2007... Tentative dates for negotiated sales of $1 million or more. Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is...

Negotiated Bond Offerings.
February 2, 2007... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Friday, February 2 Wildgrass...

Results of Negotiated Sales.
February 2, 2007... CALIFORNIA California Statewide Communities Development Authority Jan 31, 2007 $5,125,000 Revenue Bonds (Montessori in Redlands Project), Series 2007A (book entry) $4,805,000. Dated Feb 6, 2007. Due Dec 1, 2036. ...

Results of Competitive Sales.
February 2, 2007... ARKANSAS Bentonville School District No. 6 Feb 1, 2007 $10,000,000 Construction Bonds, Series F (bank qualified) (book entry). Dated Feb 1, 2007. Due Jun 1, 2008 to 2027. Callable Jun 1, 2010 at par. Winning bid:...

Rating Changes.
February 2, 2007... ISSUER AMOUNT CHANGE BOND ($000S) TO FROM NAME COMMENTS Alvarado Independent School District, Tex., issuer credit rating n.a. A-minus BBB-plus S&P Lack of any major capital needs for at least next five years,...