Far West

If approved, a proposal to cap the amount of money California school districts can keep in reserves would have neutral to negative credit implications on districts, according to Standard & Poor's.

Congress must quickly fix the impending insolvency of the Highway Trust Fund without waiting for an executive order, President Obama said.

Moody's Investors Service downgraded Howard University to Baa3 from Baa1 on Thursday.

Academy Securities, a registered broker-dealer and certified disabled veteran business enterprise, has announced a merger agreement with broker-dealer Carolina Capital Markets.

Moody's Investors Service said a new law that increases the contribution rates to the California State Teachers' Retirement System fund is a credit positive for the system.

A hearing officer is recommending throwing out new pension rules enacted last summer by the city of Los Angeles, but a city official says it is still early in the process.

Moody's Investors Service placed a negative outlook on Sutter Health’s revenue bonds, based on the system's poor operating performance and significant capital needs.

Montana's general obligation bond rating was affirmed at Double A ratings ahead of plans to refund $29 million sometime between July 7 and July 15 and given a stable outlook.

Moody's Investors Service has upgraded the rating to Aa3 from A1 on the Southern California Public Power Authority's Milford Wind Project Revenue Bonds and gave the bonds a stable outlook.

California Gov. Jerry Brown appointed Tia Boatman-Patterson, a Democrat, to be executive director of the California Housing Finance Authority.