California

Despite uncertainty created by federal policies and global turmoil, California's trade did not shrink; it shifted.

Senators from western states sent a letter to two federal agencies to address preparations for an extended fire season.

Academy Securities has big visions and a fresh commitment to its municipal finance practice.

The failure of California's recent wildfire liability legislation leaves investor-owned utilities like PG&E and SoCal Edison exposed to continued financial risk and potential ratings downgrades.

California issuers may receive payments from the settlement.

State Sen. Scott Wiener reintroduced the bond measure, intended to counteract federal funding cuts to scientific research.

The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.

California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.

Rating agencies say they don't expect federal plans for the drought-plagued river to spark near-term credit concerns, but they may develop over the longer term.

Brightline West bondholders agreed to give Brightline more time to secure a $400 million equity contribution that was originally due on March 31.

A report by Ceres found climate risk — and climate resilience — disclosure uneven after a review of offering documents from 60 recent municipal bond sales.

The inspector general warned in a report that the California bullet project could run out of money for construction by December 2027.

Moody's Ratings and Fitch Ratings both lifted their rating outlooks to positive on the San Francisco Unified School District.

 A default under the concession agreement could result in termination of the project, according to an analyst.

Democratic senators have asked Commodity Futures Trading Commission to rein in prediction "wagers."

Fitch Ratings raised the outlook on two series of sales tax revenue bonds structured as a TIFIA loan.

The planned Sites Reservoir project in California faces financial uncertainty as officials await a regulatory decision about its usable water supply.

The California High-Speed Rail Authority and the High Desert Corridor Joint Powers Agency will cooperate, notably on the station where they plan to connect.

New leadership and private capital are part of the strategy to push the high-speed rail project to its overdue completion.

Moody's and Fitch downgraded the school district's ratings.