California

Berkeley Unified School District, Calif. will sell $18 million of general obligation bonds next week, buoyed by a Fitch Ratings AAA.

This week’s Los Angeles Department of Water and Power water revenue bond sale will benefit from an upgraded bond rating and a rate increase.

San Bernardino’s bankruptcy settlement agreement with pension bondholders is a credit negative, according to Moody’s Investors Service.

Los Angeles emphasized the tech industry’s growing importance as an economic driver at its third regional investor’s conference.

Legal and political processes must lead to pension fixes in Chicago, California, and around the country, said leaders of an advocacy group dedicated to public sector pension reform.

The San Diego Chargers have proposed a financing plan for a $1.8 billion joint use stadium-convention center in downtown San Diego that includes the issuance of $1.15 billion of tax-exempt bonds backed by a hike in the city’s hotel tax.

San Bernardino, Calif., reached a settlement agreement that gives bondholders a major haircut that is still substantially better for them than the city originally proposed in its Chapter 9 bankruptcy.

The Los Angeles County Metropolitan Transportation Authority could ask voters to approve an additional half cent sales tax in addition to extending one passed in 2008 to fund $120 billion of transportation projects.

Fitch Ratings’ recent guidance on school bond ratings won’t bring across-the-board higher ratings to California school bonds; the agency will require a legal opinion to consider such GO bonds to be special revenues in a bankruptcy case.

Junk-rated California hospital chain Verity Health received an outlook boost Wednesday, when Standard & Poor’s boosted its outlook to stable from negative while affirming its CCC rating.