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Moody's Withdraws Rating on Tehachapi Health GOs
Moody's Investors Service on Tuesday withdrew its general obligation bond rating on Tehachapi Valley Healthcare District, Calif. citing a lack of financial information for fiscal 2013, affecting $63 million in debt.
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California's new law to require issuers to disclose bank loans will likely result in lower borrowing costs, according to a report from Municipal Market Advisors.  more »
Moody's Investors Service has raised its outlook to positive on Seattle Cancer Alliance's outstanding bonds.  more »
San Bernardino has reached a tentative agreement with its police union just two months after it struck an agreement with the California Public Employee's Retirement System.  more »
The Securities and Exchange Commission is investigating West Contra Costa, Calif. United School District and its general obligation bond financings dating back to 2009.  more »
The Senate Appropriations Committee unanimously approved AB 2235, creating a bond for $4.3 billion - less than half of the $9 billion in the original school facilities bill on Thursday.  more »
Unable to recover from its financial woes, the Doctors Medical Center in Contra Costa County is being pressured to close or significantly downsize, which could impose a financial burden on the county, according to Moody's Investors Service.  more »
Though New Jersey and California are on starkly different credit paths, municipal analysts said their recent trading patterns suggest equally-strong demand.  more »
Moody's Investors Service on Thursday upgraded San Diego County's issuer rating to Aaa and bumped up its lease and pension obligation bond ratings a notch to Aa2.  more »
After months of debate that stretched legislative deadlines, California lawmakers and Gov. Jerry Brown finally agreed on a $7.5 billion water bond measure to put on the November ballot.  more »
The Far West Region mirrored the U.S. with municipal bond sales dropping 24.8% during the first half of 2014 compared to the same period a year earlier.  more »
Changes to California's school pension contribution laws will create budgetary challenges for the state's school districts after 2017, according to Moody's Investors Service.  more »
The fate of a California state school facilities bond measure proposal, originally priced at $9 billion, could be decided during a Senate Appropriation Committee hearing on Thursday.  more »
The 114-mile stretch of California's high speed rail project from Fresno to Bakersfield received approval from a federal railway oversight board on Tuesday.  more »

The Puerto Rico Public Corporations Debt Enforcement and Recovery Act, approved by the Puerto Rico legislature in late June, has had a notable impact on market activity and perceived credit quality for bonds of the commonwealth and its agencies.

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