Far West

The Fitch Ratings commentary considered ratings of airports in Florida, Nevada and South Carolina, which are most dependent on the airline for passenger traffic.

The prepaid electricity bond deal issued by the California Community Choice Financing Authority for the Clean Power Allliance was record-setting in size.

AI champ Nvidia and three other tech companies are driving a stock market surge resulting in California revenues coming out $7 billion above expectations set when the 2024-25 budget was approved in July.

Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.

The wealthy city is borrowing $124.2 million through its finance authority. The bonds are backed by lease payments the city will pay from its general fund.

As headline risk swirls around the Fed and the transition to the Trump administration, municipals have largely stayed in their own lane. November finds the municipal market "in far better technical shape, with an attractive backdrop through at least year-end," J.P. Morgan's Peter DeGroot said. 

The Aloha State received three rating affirmations as it prepares to sell $750 million of taxable general obligation bonds.

Voters approved at least 168 local school bond measures for $42.8 billion, according to preliminary tallies, but dozens of bond requests will fall short.

It is the largest measure bond measure the nation's second-biggest school district has ever put before its voters.

Pressure on the state budget level is being felt by both the University of California and California State University systems.