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Bankruptcies Propel a California School Bond Bill
A California lawmaker introduced a bill that would add language to school district bonds that would protect investors in the event of bankruptcy.
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Alaska plans to issue $163 million of bond anticipation notes and $95 million of general obligation bonds later this month.  more »
Standard & Poor's raised several Stockton, Calif. water system bond ratings  more »
The Internal Revenue Service is asserting that $25.42 million of bonds, which were issued by the California Statewide Communities Development Authority in 2005 and benefit the Sweetwater Union High School District, are taxable private-activity bonds.  more »
Standard & Poor's raised its long-term rating to AA-minus from A-plus on Kelso, Wash.'s 2008 general obligation bonds.  more »
The substitution of new letters of credit caused Standard & Poor's to boost the long-term ratings on some Clark County, Nevada airport system subordinate-lien revenue bonds issued for Las Vegas McCarran International Airport.  more »
California Treasurer John Chiang's hailed the state's "robust" economic recovery in a Los Angeles speech.  more »
California Treasurer John Chiang called Fitch's upgrade of California's credit rating a validation, but also a caution to maintain fiscal discipline.  more »
Municipal bond sales in the Far West were down slightly in 2014 as new money issuance slowed down across much of the region.  more »
California plans to price $1.9 billion of general obligation bonds next week, bolstered by upbeat rating reports including a Fitch Ratings upgrade.  more »
Stockton's official bankruptcy exit set for Wednesday may be anticlimactic to some as a bankruptcy judge approved the city's plan of adjustment needed to exit in October.  more »
The SEC concluded without charges an investigation it launched into Bell, Calif.'s bond debt in 2010 after fraud perpetuated on the city by the former administration came to light.  more »
California will experience favorable fiscal conditions through 2017 benefitting both the state and its local governments, according to Moody's Investors Service.  more »
Standard & Poor's placed Samaritan Healthcare's BBB-plus long-term rating and underlying rating on credit watch with negative implications after the Washington state healthcare provider failed to provide timely information.  more »

Circumstances have changed and a different approach to Puerto Rico debt is warranted.

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