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S&P Revises Kauai County GO Outlook to Negative
Standard & Poor's revised the outlook to negative and affirmed a AA long-term rating on Kauai County, Hawaii's outstanding general obligation bonds, in a Sept. 16 report.
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The credit quality of California's water and sewer utilities will not be significantly impacted by the state's drought, according to Moody's Investors Service.  more »
An attorney representing defendants in a Victorville, Calif. bond fraud lawsuit pleaded guilty in a separate case to charges of money laundering and witness tampering.  more »
The state of California is planning to sell $110 million of general obligation bonds for the state's Department of Veterans Affairs mortgage loan program in a competitive offering on Thursday.  more »
The San Francisco Airport Commission is expected to sell $481 million of revenue bonds Tuesday to finance and refinance new capital projects at the airport.  more »
A court ruling striking down a vote by hoteliers approving a bed tax for a planned San Diego convention center expansion demonstrates the power of Proposition 13, Fitch Ratings said in a report.  more »
City, state, and school officials gathered Friday to celebrate San Jose, Calif. and Santa Clara Unified School District's joint $80 million purchase of state-owned land.  more »
The judge in the San Bernardino bankruptcy case tentatively ruled Thursday that the city could reject its current collective bargaining agreement with the firefighter's union.  more »
Fitch Ratings has upgraded more than $720 million of debt issued for the San Francisco Bay Area Rapid Transit System.  more »
California cities are moving ahead on convention center expansions despite lingering questions about whether convention center expansions pay off for cities.  more »
In its smallest cash-flow borrowing deal since 2006, California achieved a record-low interest rate on its $2.8 billion sale of revenue anticipation notes on Wednesday.  more »
Guam Power Authority's plans to sell $76.5 million in senior revenue bonds the week of Sept. 15. and the three ratings agencies have three different outlooks on the low-investment grade credit.  more »
California's state controller released a monthly report this week, showing the state's revenues for the month of August came in below estimates.  more »
Another two petitions have been filed asking the California Supreme Court to review a recent decision to allow the High Speed Rail Authority to issue bonds for the rail project.  more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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