Far West

Moody's Investors Service upgraded the Guam Power Authority's senior revenue bonds to investment grade.

Los Angeles Department of Water and Power electric rate hikes that will support more than $2 billion in revenue bonds passed a first vote of the Los Angeles City Council.

Law firm Stradling Yocca Carlson & Rauth has added attorney Mary Kimura to its public finance practice in San Francisco.

The investment holdings of the 100 largest state and local public pension systems fell 1.5% from $2.76 trillion to $2.72 trillion in the second quarter of 2012, according to a U.S. Census Bureau survey released Thursday.

The Los Angeles City Council appears likely to approve on Friday the environmental report and development agreement for a proposed $1.2 billion professional football stadium in downtown L.A. despite recent reports that AEG, the developer, is on the auction block.

The San Francisco Community College District is struggling to remain solvent and accredited, but holders of its $370 million of debt are well insulated.

Los Angeles World Airport Officials plan to explore private placement in selling $1 billion in bonds over the next 18 months.

The Internal Revenue Service has closed an audit without changing the tax-exempt status of $65 million of general obligation limited tax water and sewer bonds that were issued by Washoe County, Nev. in December 2005.

Retail investors gobbled up nearly two-thirds of California's $1.55 billion general obligation bond sale.

The district of Columbia's quarterly capital expenditures report showed that the district spent $689.3 million on capital projects in fiscal 2012, and debt financing was down about $62 million from the same point is fiscal 2011.