Arizona

The Arizona legislature worked into early Wednesday morning to finish a controversial $9.6 billion budget package.

The University of Arizona is looking for interest rate savings in a $169.6 million refunding of three series of bonds issued from 2007 to 2009.

Arizona Gov. Doug Ducey has signed bipartisan pension overhaul legislation, though part of the plan must be approved by voters later this year.

Moody's Investors Service has upgraded Glendale, Ariz.'s rating to A2 from A3, citing improvements in the city's "modest" financial position.

Arizona State University’s "strong culture of innovation" should translate into improved credit quality over time, Moody's Investors Service said in a new report.

The Navajo Nation closed its first-ever bond transaction this week when it sold $52.9 million of investment-grade general obligation bonds in a private placement.

The Internal Revenue Service has sent a final notice to the City of Scottsdale, Ariz., Municipal Property Corp. claiming that some of the $65 million of bonds issued in 2013 to refinance the initial term of a lease for a garage are taxable.

Pima County, Ariz., voters delivered a harsh verdict Nov. 3, rejecting all seven bond propositions by decisive margins.

Standard & Poor's has withdrawn its D rating on a Glendale, Ariz., plant designed to convert trash into energy after the project defaulted on its October bond payment.

Phoenix Plans to Issue $117.9 million of revenue bonds for Sky Harbor Airport, whose traffic appears to be growing after dominant carrier U.S. Airways merged with American Airlines.