California

Citigroup Global Markets Inc. scrapped the closing on $377.6 million in revenue and general obligation bonds it priced for El Camino Hospital in northern California after the U.S. Justice Department subpoenaed documents from the hospital.

The California Supreme Court has agreed to hear an appeal of a landmark pension decision that analysts and reformers had hailed as a positive for the state and local governments.

Time has run out on California lawmakers’ efforts to pass new transportation funding legislation in 2016, a sharp turnaround from the optimism that local government groups had expressed only a few days ago.

S&P Global Ratings analysts said new California’s law emphasis on debt management policies could bode well for issuer’s credit quality.

Late vote counts in California appear to have swung another seven ballot measures into the win column.

California issuers won’t face most new disclosure requirements until 2018 under a new law that takes effect in January.

The looming deadline of California's special legislative session on transportation funding could provide an opening for much-needed legislation before new lawmakers take their seats next legislative session, those closely watching the developments in Sacramento believe.

California state budget watchdog releases positive economic forecast, but cautions about federal policy unknowns.

San Diego’s plans to restore large swaths of the city’s largest park to pedestrian space involves issuing $50 million in parking revenue bonds.

California's $2 per pack increase on cigarettes is credit negative for tobacco bonds, nationally.