Build America Bond Use May Rise After Moody’s Muni Rating Shift
Moody’s Investors Service’s shift of its municipal ratings scale to make it comparable with other debt will expand the $85.9 billion Build America Bond market as better ratings cut borrowing costs, Janney Montgomery Scott LLC said in a report.

Ukraine Outlook Raised at Fitch as Government Formed (Update1)
Ukraine’s credit outlook was raised at Fitch Ratings after the government committed to working with the International Monetary Fund to unfreeze an emergency loan. Credit default swaps on the country’s debt eased to the lowest level since September 2008.

Moody’s Muni Bond Ratings Will Move to Global Scale (Update2)
Municipal debt rankings by Moody’s Investors Service will shift to a global rating system next month that will put the 70,000 state and local bonds it assesses on a scale that’s comparable with corporate securities.

Florida Hurricane Insurer Offers $2 Billion of Tax-Exempt Bonds
Florida’s government-owned Citizens Property Insurance Corp., bracing for an “above-normal” hurricane season, plans to sell $2 billion in tax-exempt bonds as early as this week.

NYC Plans $900 Million General Obligation Bond Sale (Update1)
New York City plans to sell $900 million of general obligation bonds as soon as next week, including $675 million of taxable Build America Bonds, according to the city’s Office of Management and Budget.

Paterson-Backed Sugary Beverage Tax Is ‘Unfair,’ Opponents Say
New York Governor David Paterson and New York City Mayor Michael Bloomberg said they favor a penny- per-ounce tax on sugary beverages that a group representing about a dozen state lawmakers and companies including Coca-Cola Co. called “unfair.”

Yields on Tax-Exempt Bond Sales Reach Lowest in Three Months
Yields on local and state government tax-exempt bonds fell to a three-month low as supply shrank to the smallest amount in four weeks.

Georgia Taps Build America Bonds to Subsidize Nuclear Expansion
Georgia’s Municipal Electric Authority tapped the Build America Bond program, selling $1.22 billion of the taxable securities as it seeks to license the first nuclear power plant in the U.S. in 30 years, according to Bloomberg data.

New York Dormitory Authority Will Sell $634 Million of Bonds
The New York Dormitory Authority, the second-biggest municipal bond issuer after California last year, is back in the market with its second offering in as many weeks, backed by the state’s personal income tax revenue.

Catholic Health East Issuing $400 Million in Tax-Exempt Bonds
Catholic Health East, the largest U.S. provider of home health-care services by visits, plans to sell $400 million of bonds in the biggest tax-exempt offering this week.