Far West

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 to Price GOs, BANs

Alaska plans to issue $163 million of bond anticipation notes and $95 million of general obligation bonds later this month. more »

Alaska

S&P Raises Upgrades Stockton, Calif. Water Bonds

Standard & Poor's raised several Stockton, Calif. water system bond ratings more »

California

IRS Asserts that California Issuer's Bonds Are Taxable PABs

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 »

California

Kelso, Wash. Gets Ratings Bump

Standard & Poor's raised its long-term rating to AA-minus from A-plus on Kelso, Wash.'s 2008 general obligation bonds. more »

Washington

New LOCs Means Rating Change for Some Las Vegas Airport Bonds

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 »

Nevada

Chiang Hails California's Upswing in L.A. Speech

California Treasurer John Chiang's hailed the state's "robust" economic recovery in a Los Angeles speech. more »

California

Chiang: California Rating Boost a Validation

California Treasurer John Chiang called Fitch's upgrade of California's credit rating a validation, but also a caution to maintain fiscal discipline. more »

California

Far West Volume Down in 2014

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

Fitch Upgrades California Ahead of Big GO Deal

California plans to price $1.9 billion of general obligation bonds next week, bolstered by upbeat rating reports including a Fitch Ratings upgrade. more »

California

It's Official! Stockton to Exit Bankruptcy

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 »

California

SEC Closes Bell, Calif., Case Without Action

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

California Should Continue to Outperform Though 2017: Moody's

California will experience favorable fiscal conditions through 2017 benefitting both the state and its local governments, according to Moody's Investors Service. more »

California

Washington Healthcare Provider Placed on Negative Watch

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 »

Washington

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