Far West

Los Angeles withdrew two requests for proposals seeking financial advisors that were the subject of a protest letter from Texas-based broker dealer and financial advisor FirstSouthwest, because underwriters were excluded from applying.

Foothill/Eastern Transportation Corridor Agency, Calif. is drawing a lot of interest from investors on $2.2 billion in toll revenue bonds it plans to price Dec. 12 to restructure its outstanding debt.

Washington State Treasurer James McIntire is urging the Internal Revenue Service not to adopt its proposed issue price rules, warning they would increase issuers' borrowing costs.

It is not time to panic despite the struggle of Detroit bondholders to regain their money, representatives of the four largest bond rating agencies told state treasurers Thursday.

The Internal Revenue Service is auditing $23.83 million of Series 2007 variable rate demand bonds issued by the Colorado Health Facilities Authority.

The Hawaii Department of Transportation Airports Division will use a financing structure uncommon for airports to pay for $150 million in energy conservation projects.

The Senate Finance Committee's top Republican said Wednesday that the bankruptcy judge's ruling Tuesday that Detroit's public pension funds could be subject to cuts is a wakeup call for Congress to consider his pension bill.

Moody's Investors Service raised its outlook on the toll road industry to stable from negative as toll revenues continue a slow but steady recovery.

California water and sewer utilities have performed well in the past year, with the average agency rated AA, according to Fitch Ratings.

Moody's Investors Service downgraded Azusa, Calif.'s water revenue bonds to A2 from A3 citing the weak financial position of the city and impacting $54 million in debt.