Far West

Standard & Poor's has upgraded Sausalito, Calif.'s general obligation bond rating two notches based on its recently released new local GO criteria.

Los Angeles Mayor Eric Garcetti announced Monday that City Administrative Officer Miguel Santana will keep his job as the city's top budget advisor.

Attorneys representing Victorville, Calif. and its officials argued in court that SEC fraud charges in connection with a 2008 bond offering should be dismissed.

The Alaska Municipal Bond Bank is planning to sell $77 million of general obligation bonds to help local governments finance school and water projects throughout the state.

Moody's Investors Service downgraded Lake Elsinore, Calif., Unified School District's issuer rating on Oct. 25 two notches to A2 from Aa3 affecting $31.5 million in debt.

Moody's Investors Service downgraded Ontario International Airport's revenue bonds to Baa1 from A3 with a stable outlook affecting $67.1 million in outstanding bonds.

A federal court in New York delayed the sentencing of former UBS Banker Mark Zaino to Dec. 12 for his role in rigging municipal bond contracts.

In its first bond sale since 2006, the once bankrupt city of Vallejo, Calif. is planning to offer $19 million of water revenue refunding bonds next week.

Moody's Investors Service revised Citrus Valley Health Partners outlook to positive from stable and affirmed its Ba2 bond rating affecting $67.7 million in rated debt.

The California Public Employees' Retirement System has filed documents appealing San Bernardino, Calif.'s eligibility to be in chapter 9 bankruptcy.