California

Bondholders' poor recovery relative to pensioners in Detroit was typical of municipal bankruptcies, as protecting the workforce has outweighed debt repayment in courtrooms across the nation.

Los Angeles County has given the greenlight to a public-private project for a $270 million office building for its Department of Mental Health anchored by tax-exempt bonds.

Providence Health & Services took a one-notch downgrade from Fitch Ratings, ahead of a planned &803 million revenue bond deal for Providence St. Joseph Health.

An attorney in California contends that the state treasurer erred by not allowing public comment prior to rolling out an anti-pay-to-play initiative.

Fitch Ratings upgraded California's issuer default rating to AA-minus from A-plus ahead of a $2.7 billion general obligation bond sale.

California revenues fell short of estimates in the 2016-17 Budget Act, according to State Controller Betty Yee’s monthly cash report.

California Treasurer John Chiang's efforts to combat pay-to-play activities among local issuers received mixed reviews from municipal bond industry participants.

An audit that accused Los Angeles of wasting millions of dollars in interest costs by issuing bonds too soon “over-simplified important factors,” said the head of the office in charge of the city’s bond issuance.

The controversial $15.7 billion plan to build two giant water tunnels in California’s Sacramento-San Joaquin Delta is moving closer to reality though huge financial and legal challenges loom.

Poised for Growth, San Diego and Chicago-based fund manager Gurtin Fixed Income Management promoted Michael Johnson to co-CEO.