Far West

The California election results demonstrate strong voter support for tax increases, a credit positive, according to a Moody’s Investors Services report.

Cash-strapped colleges and universities are increasingly likely to opt for P3 financing of campus infrastructure.

San Bernardino is negotiating with smaller creditors after having reached tentative agreements with employee unions, California Public Employee’s Retirement System and pension bondholders.

The city of Los Angeles is set to offer $1.46 billion of tax and revenue anticipation notes on Tuesday, June 21, in what will be the largest TRAN offering in the United States this year.

California's new, higher legal smoking age of 21 heralds more trouble for tobacco securitization debt, said analyst Richard Larkin.

Legislation to require California issuers to provide significantly more information about their bond payments and uses of proceeds appears to be marching toward passage.

Alaska lost its last triple-A rating Tuesday, when Fitch Ratings downgraded the state to AA-plus.

The California legislature will vote Wednesday on whether to approve a compromise legislative leaders reached on the state’s proposed $169.3 billion budget.

In a first of a kind case, two California-based municipal advisory firms and their executives agreed to pay a total of $200,000 to settle Securities and Exchange Commission charges that they used deceptive business practices in dealing with five school districts.

Mesirow Financial has appointed Blake Anderson to a newly-created position leading client portfolio strategy in its institutional sales and trading group.