Far West

State and local governments will be able issue a total of $33.170 billion of private-activity bonds under a national volume cap next year: 1.1% or $349.01 million more than in 2012.

Moody's Investors Service upgraded District of Columbia senior ballpark revenue bonds to A2 from A3 and subordinate bonds to A3.

The SEC approved rule changes that would allow underwriters to fulfill some new-issue reporting requirements by filing information with the Depository Trust & Clearing Corp.'s New Issue Information Dissemination Service, or NIIDS.

In a report, Standard & Poor's found that most of the 202 California cities it rates made it through the recession with their reserves and credit quality intact.

U.S. attorneys asked a federal judge Monday to order former executives of a General Electric Co. affiliate to pay $6.9 million in restitution to municipal bond issuers for rigging bids on municipal bond reinvestment contracts.

The mere threat of including a 28% cap on the value of municipal tax exemption in a fiscal cliff deal has already caused munis to be more expensive for issuers and, if adopted, will fundamentally change the market, analysts and government groups warned Thursday.

Newly empowered with supermajorities in both houses of the Legislature, some California Democrats have introduced legislation that would increase borrowing and make taxing easier.

Federal and transit agency officials made their case for federal aid to rebuild in the aftermath of Superstorm Sandy, telling a Senate panel they will need it to help pay debt service on new muni debt.

J.R. Simplot received an Aa2 long-term rating from Moody's Investors Service ahead of plans to price $45 million in bonds on Dec. 28 through the Industrial Development Corp. of Power County, Idaho.

Honolulu officials said new construction and improved value on existing property resulted in a $4.1 billion increase in assessed value on the Island of Oahu.