-
The SEC's enforcement action against participants in the Regional Events Center Public Facilities District's arena deal shows that the commission will not shy from seeking financial penalties against municipal issuers and transaction participants, market participants said.
November 7
-
Jefferson County, Ala.'s bankruptcy plan will eliminate dozens of suits, restructure debt, and offer the sewer system "a fresh start," court documents said.
November 7
- California
Fitch Ratings downgraded Fresno, Calif.'s subordinate lien water revenue bonds to A-plus based on weakening finances.
November 7 -
The Maryland Transit Administration plans to seek bids soon for a private partner willing to provide up to $900 million of funding for a $2.2 billion light-rail line in the northern suburbs of Washington following Gov. Martin O'Malley's and the state Board of Public Works' unanimous approval of the P3 competitive solicitation process.
November 7
- Alaska
The municipality of Anchorage, Alaska, received Standard & Poor's top rating based on improved finances and the agency's new local general obligation bond criteria.
November 7 -
The bankrupt city of Stockton, Calif., is planning to sell $55 million of water revenue bonds next week to convert its outstanding variable rate bonds to fixed-rate.
November 7
-
Moody's Investors Service downgraded the issuer rating for Torrance Memorial Medical Center to A3 even as the Southern California hospital looked to complete construction on its new patient tower six months early.
November 6 -
Recent Bay Area Rapid Transit strikes highlighted credit risks for local governments in that region, according to Fitch Ratings.
November 6
- California
Los Angeles Unified School District may slow its proposed bond-financed $1 billion roll-out of iPads to every student following missteps in the program's first phase.
November 6
- Texas
Texas voters approved a $2 billion water bond program Tuesday in the largest of many bond related issues voters decided in the off-year.
November 6
