California

Analysts cited long-term structural balance and high reserves in lifting S&P's outlook on the Golden State's AA-minus rating.

California's drought makes the argument that the San Diego County Water Authority's choice to build a P3 coastside desalination plant was correct.

The nearly 40% year-over-year decrease is a result of various factors including rising interest rates, other financing tools, such as forward delivery bonds, and simply that refundings are in less demand from issuers.

Moody's assigned its Baa1 rating to the California Institute of the Arts, which traces its lineage to Walt Disney, ahead of the university's $33 million debut in the public debt markets.

Paul Arevalo, who joins as a managing director in Pasadena, adds to the broker-dealer's California growth path since it entered the state a decade ago.

New money volume in the Far West was up 31.9% to $29.5 billion, while refunding volume rose a more modest 11%.

State lawmakers will have funds to work with as they has out details of the budget they enacted earlier this summer.

Fitch Ratings also maintained a negative outlook on BART.

State officials who support the high-speed project are tracking discussions around the “social infrastructure” package for anything rail-related they can tap.

In California, some cities are contemplating desalination and other ways of increasing water supply as the the state prepares for a third year of drought.