Far West

Fitch Ratings affirmed its AA-minus rating on Bay Area Toll Authority senior toll bridge revenue bonds in a report on $305 million of BATA debt set to be reoffered next month.

California State Controller John Chiang said Monday revenues in July came in $475 million below estimates in the state budget.

California plans more than $2 billion in GO bond sales this fall, including $1.6 billion Sept. 25.

Bond insurer Syncora Guarantee Inc. sued to challenge California measures dissolving local redevelopment agencies, saying they jeopardize bond payments and impair bondholder and insurer rights.

JPMorgan wants California's Peralta Community College District to make good on a type of refinancing that may now be illegal, according to a complaint filed Monday.

The Internal Revenue Service granted an extension to an issuer so that it could correct a form it filed for multi-family housing bonds without jeopardizing the tax-exempt status of the bonds, according to a recently issued private letter ruling.

Washington Bureau Chief Lynn Hume talks to Michael Decker of SIFMA

Piper Jaffray & Co., Foster Pepper PLLC and K&L Gates LLP may reduce fees to settle over legal claims tied to Wenatchee $42 million note default.

Stockton, Calif.'s bond insurers are contesting the city's bankruptcy filing, saying it is unfairly targeting bondholders while asking nothing from its largest unsecured creditor, the California Public Employees' Retirement System.

The Internal Revenue Service is auditing $162.53 million of general fee revenue bonds issued by Auburn University in 2007.