Tonya Chin

A judge's decision that bankrupt California local governments can impair pension obligations could open the door for pension negotiations but won't cause a rush to file for Chapter 9 bankruptcy protection, municipal bankruptcy attorneys say.

California's water utility sector is maintaining a strong credit profile, despite pressures from the state's ongoing drought, according to market participants.

The judge in the Stockton, Calif. bankruptcy case has ruled that a city in Chapter 9 bankruptcy has the power to adjust California Public Employees' Retirement System pensions.

Moody's Investors Service has upgraded the California College of the Arts ahead of a private placement planned later this month.

Gov. Jerry Brown on Monday signed into law a bill that will make it easier for local governments to take advantage of a current infrastructure financing law.

Gov. Jerry Brown signed a bill authorizing a bond issuance for the Monterey Peninsula's water project.

California's Department of Water Resources is planning to sell $625 million of water revenue bonds to refund a portion of its outstanding bonds for debt service savings.

Washington State University has been authorized to sell up to $16.25 million of revenue bonds for a new health clinic at its Spokane, Wash. campus.

California completed its sale on Tuesday of $2.37 billion of general obligation bonds, meeting strong demand from both retail and institutional investors.

New groundwater legislation signed by California Gov. Jerry Brown will benefit water agencies in the long run, but won't make much of a difference in mitigating current pressures caused by the state's drought, according to Fitch Ratings.

California's new groundwater laws are a credit positive for the state's economically struggling Central Valley region, according to Moody's Investors Service.

California is making its debut into the "green bond" market next week with its $2.3 billion general obligation bond sale.

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.

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.

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.

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.

Fitch Ratings has upgraded more than $720 million of debt issued for the San Francisco Bay Area Rapid Transit System.

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.

California's state controller released a monthly report this week, showing the state's revenues for the month of August came in below estimates.

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.