California

The San Diego County Water Authority’s senior lien credit rating was upgraded to AAA by S&P Global Ratings.

The advantages a hot municipal bond market creates for issuers were on display this week when the Los Angeles County Metropolitan Transportation Authority priced a refunding deal.

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

Financial advisory firm KNN Public Finance has hired public finance banker Melissa Shick as a director to help with the growth the firm expects in new money issuance as California state and local issuers take aim at needed infrastructure improvements.

California Gov. Jerry Brown's recent executive order about state water restrictions is a credit positive for local water agencies, according to Moody’s Investors Service.

California cut or delayed $1.5 billion of projects from a five-year road program as gas tax collections continue to fall.

California is beginning to address some key infrastructure gaps, Wells Fargo analysts said in a report.

Lawmakers on both sides of the aisle are digging in for a struggle over California Gov. Jerry Brown’s revised budget proposal, as both parties try to adjust priorities with California’s fiscal outlook apparently dimming.

California voters will be considering 57 bond authorizations with supporting tax increases when they cast a ballot in the state’s June 7 presidential primary.

San Diego announced agreements with three unions that city officials say will lock in pension reforms.