California

A one-day strike by the faculty of the San Francisco Community College District is a bad sign because it shows a strong resistance to the district’s efforts to balance its books, Moody’s Investors Service said Thursday.

California is spending big on water and sewer infrastructure, with multiple large deals from state and local issuers, including transactions with green bond certifications.

The Southern California Logistics Airport Authority’s subordinate tax allocation revenue bonds enjoyed a Moody’s Investors Service upgrade to B3 from Caa2.

Preliminary plans to relocate the National Football League’s Oakland Raiders to Las Vegas call for the creation of a Clark County Stadium Authority that would issue up to $750 million of bonds to help finance a new $1.4 billion stadium under a public-private partnership agreement.

The future of pension obligation bonds remains cloudy in California in the wake of the haircuts imposed on their holders in the San Bernardino and Stockton bankruptcies.

San Bernardino is on track to exit bankruptcy by the end of the year, City Attorney Gary Saenz said.

State budget conditions vary widely as of late fiscal 2016, with the overall picture getting better while states with less diversified economies face significant stress, Standard & Poor's said Wednesday.

The recent decision by the California State Teachers’ Retirement System to change its investment policy and reduce expected asset return volatility, is credit positive for California and its school districts , Moody's Investors Service said.

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

California achieved $195 million in net present value savings on a $1.5 billion competitive sale that included a sizeable refunding.