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SAN FRANCISCO - California has received a favorable private-letter ruling from the Internal Revenue Service that will allow it to remarket Build America Bonds this month while keeping the federal subsidy.
October 7
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Senate Majority Leader Harry Reid, D-Nev., plans to seek a cloture vote Tuesday that would limit debate on a modified version of the jobs bill that was recently proposed by President Obama.
October 7 - California
LOS ANGELES - Fitch Ratings could cut bond ratings on the National Basketball Association, Los Angeles' Staples Center, and Denver's Pepsi Center if the NBA fails to reach an agreement with players and cancels the season.
October 7 - Washington
DENVER - Almost one year after Meredith Whitney forecast widespread defaults by state and local governments, a new threat looms over the municipal securities market: the Governmental Accounting Standards Board, a market expert said here Thursday.
October 6 - Washington
WASHINGTON - Fitch Ratings sees no widespread threat to state ratings from efforts to cut the federal deficit or from a slowing economy. Both, however, "present much uncertainty and risk," according to a report released on Thursday.
October 6 -
WASHINGTON - President Obama offered potentially good and bad news for the municipal market on Thursday.
October 6 -
SAN FRANCISCO - Washington State will sell $1.29 billion of general obligation bonds next week, its largest deal ever, partly to finance a new floating bridge.
October 6
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Standard & Poor’s has downgraded the Cascade Medical Center in Chelan County to BBB-minus from BBB.
October 6 - Hawaii
Honolulu received a AA and a stable outlook Wednesday from Fitch Ratings for $232 million of wastewater system revenue bonds it plans to market in a negotiated sale on Oct. 12 and 13.
October 6 - California
The Jurupa Unified School District in Riverside County received a AA-minus and stable outlook from Fitch Ratings for $21.8 million of new general obligation refunding bonds.
October 6
