Far West

Fitch Ratings and Standard & Poor's say the recent ruling in Stockton, Calif.'s bankruptcy case does not have significant credit implications for Stockton and other distressed municipalities.

Moody's Investors Service revised the outlook on all of Fresno's ratings Tuesday signaling that the city's ratings could be upgraded in the next 12-14 months.

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.

A memorial service for former D.C. Treasurer Lasana Mack will be held Friday morning.

Peter Chan, the architect of the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative, will join Morgan, Lewis & Bockius as a partner in the firm's Chicago office, it announced Thursday.

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.

The California Debt and Investment Advisory Commission is conducting an analysis of bond disclosure information provided by conduit borrowers including nonprofit hospitals when significant events occur.

Hawaii judge rules that Hawaii House of Representatives has jurisdiction over residency of legislators, not court, in ruling dismissing lawsuit challenging Hawaii Rep. Calvin Say's residency.

The U.S. District Court for the District of Columbia has dismissed a challenge to the investment advisers pay-to-play rule, ruling that it lacks jurisdiction to hear the case.