The Bond Buyer articles from June 2007

The Bond Buyer archives from June 2007

Friday @se#1.
June 1, 2007... News Municipalities across the country last month sold $35.18 billion of bonds through 974 transactions, a mere 0.4% increase over the volume posted in May 2006, according to preliminary statistics released yesterday by Thomson Financial....

Hotchkiss To Head MSRB Staff: SIFMA Official Replacing Taylor.
June 1, 2007... WASHINGTON -- The Municipal Securities Rulemaking Board has tapped Lynnette Kelly Hotchkiss, a managing director and associate general counsel at the Securities Industry and Financial Markets Association, to become its new executive director on...

Denver Crafting Record Bond Proposal.
June 1, 2007... DALLAS -- Denver is refining a $567 million bond package that would be the largest in the city's history and would require a property tax increase. The general obligation bonds would go before voters in November if the proposal is approved...

A.G. Edwards Acquired: Wachovia Corp. to Acquire A.G. Edwards for $6.8B in Cash, Stock.
June 1, 2007... While Bank of America continues to vie for ABN Amro Holdings NV subsidiary LaSalle Bank Corp., fellow Charlotte, N.C.-based bank Wachovia Corp. announced a Midwest acquisition of its own yesterday. Wachovia will buy A.G. Edwards & Sons Inc....

In Brief: Jobless Claims Dip 4,000 to 310,0000.
June 1, 2007... Initial claims for U.S. unemployment edged 4,000 lower to 310,000 in the week ended May 26, the Labor Department reported yesterday. Initial claims came in right at the median expectation. Forecasts in a Market News International survey of...

In Brief: 1Q GDP Revised to 0.6%; Core PCE Stays at 2.2%.
June 1, 2007... First-quarter real gross domestic product growth was revised to 0.6% from 1.3% in the original estimate, but the core personal consumption expenditures price index remained at 2.2%. The slower growth outcome was pretty much as anticipated by...

In Brief: T-Bill Auction to Pay Down $8.007B.
June 1, 2007... The Treasury Department yesterday said it will pay down $8.007 billion at its weekly auction of 91-day and 182-day discount bills Monday by selling $29 billion to refund $37.007 billion in maturing securities. To be sold are $15 billion...

In Brief: Treasury to Offer $12B of 10-Day Cash Bills Monday.
June 1, 2007... The Treasury Department said it will auction $12 billion of 10-day cash management bills on Monday, June 4. The bills are dated June 5 and due June 15. (c) 2007 The Bond Buyer and SourceMedia, Inc. All rights reserved....

In Brief: 14-Day Cash Management Bills Draw 5.090% High Rate.
June 1, 2007... The Treasury Department yesterday sold $27 billion 14-day cash management bills, dated June 1 and due June 15, at a 5.090% high tender rate. (c) 2007 The Bond Buyer and SourceMedia, Inc. All Rights Reserved. http://www.bondbuyer.com/...

Munis Slightly Weaker on Strong Data.
June 1, 2007... The municipal market was slightly weaker yesterday as economic data came in mostly stronger than expected. "The market is off a basis point or two, but it feels even weaker than that," a trader in San Francisco said. "There was decent flow...

Clarification.(Correction notice)
June 1, 2007... To clarify yesterday's story in the Underwriters & Dealers section, Oppenheimer & Co. is wholly separate from OppenheimerFunds Inc. The former recently hired Bonnie Siegal and Hamilton Chang, while the latter is known in the municipal market...

SEC Questions New Jersey's Handling of Pension Fund.
June 1, 2007... The Securities and Exchange Commission is investigating New Jersey's handling of its $80 billion pension fund, the state's Treasury Department announced yesterday. State officials said they are cooperating with the SEC. The commission and...

Bond-Backed Oklahoma Project's Price Tag Jumps to $40M.
June 1, 2007... DALLAS -- The bond-financed renovation of an old museum on the Oklahoma capitol grounds in Oklahoma City into a state courts building, originally estimated at $22 million, is now expected to cost $40 million. The Legislature failed to pass...

Disclosure: DAC Adds Charges to Suit Against Texas MAC.
June 1, 2007... Orlando-based Digital Assurance Certification LLC sought to expand its patent infringement suit against the Municipal Advisory Council of Texas late last week, charging that the Texas MAC also violated state and federal laws by contacting DAC...

Indexes: Most Bond Buyer Indexes Up As Prices Fall in Shortened Week.
June 1, 2007... Nearly all The Bond Buyer's weekly yield indexes increased this week, as municipal bond prices fell in all but one session during this holiday-shortened week. "We've basically been trying to keep track with Treasuries, and I think we...

Bond Funds: Putnam Trustees Move Forward With Merging Several Municipal Funds.
June 1, 2007... Putnam Investments is suspending dividend reinvestments, merging several muni bond funds worth more than $3 billion, and offering to buy back some shares through a tender offer as part of an ongoing effort to provide greater liquidity and...

Legacy Bonds: NYSE Bonds Lists a Few Older Munis Alongside Corporates.
June 1, 2007... In what could come as a surprise to participants in the municipal bond market, the New York Stock Exchange's new automated bond system currently offers a number of municipal bonds for online trading. "They have munis listed?" said Rob...

Trends in the Region: California Officials Prepared to Spend Billions to Save Salton Sea.
June 1, 2007... SAN FRANCISCO -- California is poised to spend billions of dollars to save part of an inland sea that was created by accident more than a century ago, though exactly how it will do so remains a matter of debate. The California Resources...

Trends in the Region: Far West Invisible Supply.
June 1, 2007... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date CALIFORNIA State GOs $2,500 A Citigroup June State gambling securitization $850 P JPMorgan 2007-08 State pension bonds...

Plain/Insured GO Yield Curves for May 30, 2007*.
June 1, 2007... State Ratings One-Year Five-Year 10-Year 30-Year Montana Aa2/AA-/AA- 3.67 / 3.66 3.84 / 3.82 4.00 / 3.99 4.32 / 4.32 Idaho Aa2/AA-/NR 3.68 / 3.67 3.87 / 3.84 4.02 / 4.01 4.34 / 4.32 Oregon Aa3/AA-/AA- 3.65 / 3.65...

Visible Supply by State.
June 1, 2007... May 31, 2007 May 24, 2007 State Issues Amount Issues Amount Chg in Amt Alaska 0 $0 0 $0 $0 California 21 630,540,000 13 344,885,000 285,655,000 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 6...

CALIFORNIA: Orange Tollways Affirmed.
June 1, 2007... Moody's Investors Service has affirmed its underlying ratings for two Orange County toll roads that are once again exploring a combination plan. The agency affirmed the underlying Ba2 rating and negative outlook for about $1.97 billion of...

CALIFORNIA: Poll: We Love Bonds.
June 1, 2007... The idea of authorizing tens of billions of dollars of new state bonds is almost as popular with voters as beer at a fraternity party, according to a poll released this week. According to the Public Policy Institute of California, 64% of...

CALIFORNIA: Lindsey Gets L.A. Air Nod.
June 1, 2007... The Los Angeles City Council voted unanimously Wednesday to confirm Gina Marie Lindsey as the new executive director of Los Angeles World Airports, the city agency that operates four airports, among them Los Angeles International Airport. ...

NEVADA: Highway Hearing Scrapped.
June 1, 2007... The Senate committee on taxation canceled a public hearing on a controversial transportation funding bill introduced this past Tuesday. The timing of the bill's introduction two weeks before the Nevada legislative session's June 4 close,...

WASHINGTON: Court Mulls I-747 Appeal.
June 1, 2007... The Washington Supreme Court could issue a decision by the end of the year on the state attorney general office's appeal of a superior court ruling against a tax-limiting initiative. King County Superior Court last June declared...

WASHINGTON: Bridge Plan on the Way.
June 1, 2007... State and local government officials have finally come up with a funding strategy for replacing Seattle's Evergreen Point Bridge at a cost of up to $4.4 billion. The Regional Transportation Investment District, a road authority for the...

Competitive Bond Offerings.
June 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.
June 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.
June 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 May 28 Phoenix,...

Negotiated Note Offerings.
June 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 June 4 Los Angeles...

Results of Negotiated Sales.
June 1, 2007... ALABAMA Dale County Board of Education May 30, 2007 $6,575,000 Capital Outlay Tax Anticipation Refunding Warrants Series 2007 (bank qualified) (book entry) Dated May 15, 2007. Due Mar 1, 2008 to 2032. First coupon...

Results of Competitive Sales.
June 1, 2007... CALIFORNIA Dixon Unified School District May 30, 2007 $6,290,000 Certificates of Participation (2007 Capital Improvement Project) (bank qualified) (book entry). Dated Jun 13, 2007. Due Sep 1, 2007 to 2042. Callable...

Rating Changes.
June 1, 2007... ISSUER AMOUNT CHANGE BOND ($000S) TO FROM NAME COMMENTS Alabama Public Housing Finance Corp.-A, capital program revenue bonds, Series 2003A n.a. AA AA-minus S&P Anticipated bond debt service coverage above 2.5x...

Nationwide Senior Manager Rankings.
June 1, 2007... A.G. Edwards & Sons Wachovia Securities Year Amount Rank Share Issues Amount Rank Share Issues 2007** 2,887.1 12 1.7% 129 1,613.2 17 0.9% 73 2006 6,473.5 13 1.7% 318 5,356.8 14 1.4% 207 2005 7,059.4...

May Volume Barely Tops 2006, But Year-to-Date Sales Up 30%.
June 1, 2007... Municipalities across the country last month sold $35.18 billion of bonds through 974 transactions, a mere 0.4% increase over the volume posted in May 2006, according to preliminary statistics released yesterday by Thomson Financial. While...

Long-Term Bond Sales: January-May.
June 1, 2007... 2007 2006 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $173,747,800 4,797 $134,114,700 4,758 +29.6 % January 31,371,000 849 18,784,200 721 +67.0 February 31,859,000 892 23,865,400...

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

Long-Term Bond Sales: May.
June 1, 2007... 2007 2006 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $35,183,800 974 $35,038,800 1,212 +0.4 % Development 265,400 18 254,300 26 +4.4 Education 6,766,000 314 9,387,800 433 -27.9...

Largest Issues: May 2007.
June 1, 2007... Amount Issuer Date $1,051.7 Massachusetts (Commonwealth), GOs (NM/ref) May 9 846.0 Puerto Rico Electric Power Authority (ref) May 2 752.4 Allegheny County Hospital Development Authority, Pa., hospitals May 17 600.0...

Bond Sales by State: January-May.
June 1, 2007... 2007 2006 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 27 $1,937,500 28 $1,437,400 +34.8 % Alaska 40 $684,500 36 $857,900 -20.2 Arizona 11 $4,145,800 23 $2,027,900 +104.4 ...

Market Indicators.
June 1, 2007... Dollar amounts are in millions Day's 2007 2007 DailyYesterday Change High Date Low Date Municipal Bond Index 114-07 unch 117-29 (2/27) 114-04 (5/29) 40 Average Dollar Price 98.88 -0.01 102.06...

Short-Term Tax-Exempt Yields.
June 1, 2007... May 31, 2007 May 30, 2007 June 1, 2006 Selected MIG-1/SP-1+ Notes California Rans 4 1/2s (June 07) 3.80 3.80 3.38 Los Angeles Co Trans 4 1/2s (June 07) 3.80 3.80 3.38 Michigan GO 4 1/4s (Sept 07) 3.75...

U.S. Securities Prices.
June 1, 2007... Prices as of 3 p.m. ET. Source: GovPx (ICAP plc) Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M - 6/28/2007 4.683/673 4.830/820 4.777 3M -...

Municipal Market Data General Obligation Yields.
June 1, 2007... Aaa Aaa (pure) (ins) Aa A Baa 20083.63 3.68 3.67 3.71 3.87 20123.76 3.86 3.85 3.96 4.11 20173.91 4.04 4.02 4.14 4.27 20224.11 4.24 4.22 4.35 4.46 20274.18 4.31 4.29 4.42 4.53 20324.23...

Bond Buyer Indexes.
June 1, 2007... Average Municipal Bond Yields - Compiled Weekly 20-Bond 11-Bond 25-Bond 10-Year 30-Year GO Index1 GO Index1 Revenue2 Treasury3 Treasury3 2007 MAY 31 4.41 4.35 4.57 4.90 5.03 24 4.38 4.32 4.55...

Weekly Yields of 20-Bond GO Index and Treasury Securities.
June 1, 2007... Latest Previous Year 12-Month Week Week Ago High Low 20-Bond Index 4.41 4.38 4.57 4.71 4.03 10-Year Treasury Note 4.90 4.85 5.10 5.21 4.46 30-Year Treasury Bond 5.03 5.00 5.20 5.26 4.56 Basis Pt...

The Credit Calendar.(Calendar)
June 1, 2007... MONDAY, June 4 Factory order, shipment, and inventory figures for April are released by the Commerce Department. WEDNESDAY, June 6 Revised productivity and cost figures for the first quarter of 2007 are released by the Labor...

Reoffering Yields.
June 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 (Pure) 5/15 250.0 Washington (State) ... 3.73 3.89 SNA 4.43...

State and Local Government Series Rates.
June 1, 2007... Friday Monday Tuesday Wednesday Thursday May 25 May 28 May 29 May 30 May 31 Overnight* 3.79 n.a. 3.79 3.80 3.80 Three Months 4.90 n.a. 4.87 4.88 4.82 Six Months 4.98 n.a. 4.97 4.98 4.97 ...

New-Issue Balances.
June 1, 2007... (,000 Omitted) *Since initial reoffering +Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $166,970 5/31 Orange Co., Fla. $166,970 All Sold 12,315 5/31 Lackawanna City Sch. Dist,...

Municipal Bond Index.
June 1, 2007... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 114-07 114-07 114-09 115-16 112-30 Thursday, May 31, 2007 Maturity Par Call Dollar Conversion Converted Date Date Price Factor...

Municipal Bond Prices.
June 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 Update.
June 1, 2007... The list of bonds used to calculate the Municipal Bond Index was revised after the May 31 pricing. The new coefficient is 1.0338. It was derived by dividing the May 31 index (114.219070) by the average converted price of the new set of 40...

Florida Group Asks Crist To Veto Transportation Bill.
June 1, 2007... BRADENTON, Fla. -- A growth-management watchdog organization called 1000 Friends of Florida on Wednesday joined with four other environmental groups asking their members to urge Gov. Charlie Crist to veto a general transportation bill that,...

Ohio Officials Planning $5B Tobacco Securitization in Fall.
June 1, 2007... CHICAGO -- Ohio plans to launch a competitive selection process for a financial team to manage its proposed $5 billion tobacco securitization within a week after lawmakers approve Gov. Ted Strickland's $52 billion, two-year budget, with the...

Monday.
June 4, 2007... Regions The Illinois State Toll Highway Authority board late last week authorized the refunding of up to $1 billion of outstanding debt, but officials have not yet settled on a finance team or the timing or number of sales. 6 A...

Trends in the Region: N.Y.C. Eyes Housing Help: Argues for Multifamily Bond Recycling.
June 4, 2007... The New York City Housing Development Corp. is pushing for changes in the federal tax code to allow for the recycling of multifamily housing bond allocations under the private activity bond cap as it does for single-family housing bonds - and...

MSRB Finds Market Support For Hotchkiss Pick.
June 4, 2007... WASHINGTON -- Market participants expressed strong support Friday for the Municipal Securities Rulemaking Board's decision to tap Lynnette Kelly Hotchkiss, a managing director and associate general counsel at the Securities Industry and...

Volume to Rise 140% This Week: Market Will See $7.5B of Issuance.
June 4, 2007... Volume in the municipal bond market this week is expected to shoot up 140% from the thin $3 billion of bonds sold during holiday-shortened last week. The $7.5 billion of debt scheduled to sell this week is more in line with weekly volume...

In Brief: May Employment StrongAs Payrolls Rise 157,000.
June 4, 2007... The May employment data was strong on its face but implies somewhat less robust production and income data for the month. Payrolls increased 157,000, and the March-April payroll revisions were down a combined 10,000. Aggregate hours and...

In Brief: April Personal Income Dips0.1%, Core PCE Up 0.1.
June 4, 2007... April personal income declined 0.1% and personal consumption expenditures rose 0.1%, but the main story was an only 2.0% increase year-over-year in core PCE, the smallest rise since February 2006, the Bureau of Economic Analysis reported...

In Brief: Univ. Of MichiganSentiment Index at 88.3.
June 4, 2007... The University of Michigan's final May consumer sentiment index came in at 88.3 compared to 88.7 in the preliminary May report and 87.1 in the final April report, according to market sources. The final May current conditions index came in...

In Brief: ISM Manufacturing IndexRises to 55.0% in May.
June 4, 2007... Economic activity in the U.S. manufacturing sector continued to expand in May at a faster pace than in April, the Institute for Supply Management reported Friday. The ISM's purchasing managers' index rose to 55.0% last month from 54.7% in...

In Brief: NAR: April PendingHome Sales Down 3.2%.
June 4, 2007... The pending home sales index fell 3.2% to 101.4 in April from a revised level of 104.8 in March, originally reported at 104.2, the National Association of Realtors reported. The index - a leading indicator for the housing sector and based...

Munis Slightly Weaker Amid Mixed Data.
June 4, 2007... The municipal market was slightly weaker Friday as economic data came in mixed, led by May non-farm payrolls that came in stronger than expected. "Even though prices have softened and yields have risen one or two basis points, trades are...

Prince George's County GOs Get Bump to Aa1 From Aa2.
June 4, 2007... WASHINGTON -- Moody's Investors Service raised its rating on Prince George's County, Md.'s general obligation bonds to Aa1 from Aa2, citing the diversity and continued growth of the county's economy, which benefits from its location near...

Price Guidance: NABL Asks Treasury to Focus on Issue Price, Research, and Record Retention.
June 4, 2007... The Treasury Department should consider developing guidance on issue price, federally sponsored research, and record retention this year, bond attorneys recommended last week. The National Association of Bond Lawyers said in a comment...

California P3 Bill Survives Senate Committee, But With Several Changes.
June 4, 2007... SAN FRANCISCO -- A California bill designed to clear the way for public-private partnerships remains alive, but in much weakened form, according to its sponsor. The Senate approved SB 61 last week, but the P3 language was watered down...

MSRB: Notice Reminds Dealers of Customer Protection Rules.
June 4, 2007... The Municipal Securities Rulemaking Board Thursday published a notice reminding dealers of their customer protection obligations in connection with muni securities sales, particularly situations in which they sponsor sales contests or in which...

Illinois Toll Agency OKs $1B; Team and Timing Still Up in the Air.
June 4, 2007... CHICAGO -- The Illinois State Toll Highway Authority board late last week authorized the refunding of up to $1 billion of outstanding debt, but officials have not yet settled on a finance team or the timing or number of sales, according to an...

Mutual Funds: Weekly Reporters Post Inflow of $833 Million.
June 4, 2007... Weekly reporting municipal bond mutual funds had a net inflow of $833 million during the period ending May 30, AMG Data Services reported. The results were up from a $667 million inflow the previous week, and represent both the largest...

Trends in the Region: Northeast Invisible Supply.
June 4, 2007... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date CONNECTICUT State GOs $435 A spring DISTRICT OF COLUMBIA State GOs $300 A 2007 D.C. PILOTs for Treasury...

Plain/Insured GO Yield Curves for May 31, 2007*.
June 4, 2007... State Ratings One-Year Five-Year 10-Year 30-Year Delaware Aaa/AAA/AAA 3.63 / 3.65 3.76 / 3.81 3.91 / 3.96 4.25 / 4.28 Maryland Aaa/AAA/AAA 3.63 / 3.63 3.77 / 3.80 3.93 / 3.97 4.25 / 4.29 Vermont Aaa/AA+/AA+ 3.65 /...

Visible Supply by State.
June 4, 2007... June 1, 2007 May 31, 2007 State Issues Amount Issues Amount Chg in Amt Connecticut 1 $1,750,000 3 $247,835,000 -$246,085,000 Delaware 0 0 1 18,003,000 -18,003,000 Maine 3 95,865,000 2 50,465,000 45,400,000...

MAINE: Portland Plans a Deal.
June 4, 2007... Portland will tomorrow competitively sell $25.5 million of fixed-rate general obligation bonds. Moors & Cabot Inc. is the financial adviser and Pierce Atwood LLP is bond counsel. About $15.5 million of bond proceeds will be used to...

MASSACHUSETTS: CareGroup Now Positive.
June 4, 2007... Standard & Poor's revised its outlook on the Massachusetts Health and Educational Facilities Authority revenue bonds issued for CareGroup Inc. to positive from stable. The revision reflects CareGroup's sound financial profile and continued...

NEW YORK: New CEO for NYPA.
June 4, 2007... Roger Kelley will become chief executive officer of the New York Power Authority later this month, replacing Timothy Carey, who is retiring. For the past 10 years, Kelley has been senior vice president and chief technical officer at...

PENNSYLVANIA: Mayes Joins Cozen O'Connor.
June 4, 2007... Suzanne S. Mayes last week joined Cozen O'Connor as a member and co-chair of the law firm's public and project finance practice. Mayes will work from Cozen O'Connor's Philadelphia office to further grow the firm's public and project work...

PUERTO RICO: DOJ Project Needs Developer.
June 4, 2007... Puerto Rico officials are searching for a developer to design and construct a new 300,000-square-foot facility that will house the commonwealth's Department of Justice. The project has a preliminary cost of more than $100 million. The...

Competitive Bond Offerings.
June 4, 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.
June 4, 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.
June 4, 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 June 4 Flagstaff AZ...

Negotiated Note Offerings.
June 4, 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 June 4 Los Angeles...