Far West

OppenheimerFunds will acquire Seattle fund manager SNW Asset Management to expand its high-quality municipal bond offerings.

Issuers in California and Texas accounted for more than one-third of S&P Global’s public finance ratings upgrades last year.

The Transbay Transit Center in San Francisco is expected to run an operating deficit after it opens later this year that may be borne at least in part by taxpayers.

The Glades Correctional Development Corp. in south-central Florida shorted its March 1 debt-service payment, the trustee said in a notice, as the date for a taxable bond exchange approaches due to an IRS ruling.

Fitch Ratings downgraded Clark County School District, Nev. by three notches to BBB-plus saying spending will outpace revenues.

Dealers are criticizing a proposed standalone minimum denomination rule from the Municipal Securities Rulemaking Board, saying it would hamper liquidity and hurt investors by limiting the liquidity of below-minimum denomination positions in municipal securities.

California’s High Speed Rail Authority can sell bonds for the Central Valley segment, said the director of California’s Department of Finance.

Former Stockton Mayor Anthony Silva, who occupied city hall during much of the city’s bankruptcy, was arrested at San Francisco International Airport Sunday and stands accused of embezzling money from a nonprofit children’s organization.

Strong demand is expected to greet the largest municipal bond deal of the year so far, a $2.4 billion California general obligation pricing.

Troubles at the Oroville Dam in Northern California highlight the need for infrastructure maintenance and investment.