California

Moody's Investors Service has downgraded about $23 million of Sonoma Valley Health Care District, Calif. general obligation bonds to Baa1 from A1.

A water banking agreement between Southern Nevada Water Authority and the Metropolitan Water District of Southern California is a credit positive, Moody’s Investors Service said.

The California Department of Finance approved spending $10 million from budget reserves to clean up debris considered a safety hazard from two fires that ravaged Northern California.

The National Football League is asking its players to help finance any new stadium in Los Angeles, a prerequisite to putting a team in the No. 2 U.S. media market for the first time since the Raiders and Rams bolted in 1994.

The Fremont-Rideout Health Group received a three-notch Standard & Poor's downgrade to BBB from A on three series of revenue bonds, citing a sharp deterioration in financial performance.

Major bond-financed investments have been paying off for some of Northern California’s smaller airports, which have seen their multi-billion dollar projects followed by more airline and passenger business.

California Gov. Jerry Brown signed legislation that brings back redevelopment in a limited way, notably by creating new community revitalization investment authorities that can issue tax-increment debt.

The authors of a California pension initiative effort are abandoning their existing measure and writing a new one.

Standard & Poor's affirmed its AA-minus rating for San Francisco Unified School District.

The three states that rely on the Colorado River for their water supplies will not face federal rationing in 2016, a fact that is credit positive for bond issuers in the region, according to Moody’s Investors Service.

The $9 billion California school bond proposed by a coalition of educational lobbyists and the building industry has qualified for the Nov. 8, 2016 ballot.

Ambac Assurance Corp., in a bankruptcy court filing, says San Bernardino's plan of adjustment is more aspirational than real.

Issuance costs average 1.02% of principal nationally, while ranging to around 10% for some California school districts, according to a report from Public Sector Credit Solutions.

Standard & Poor's has put the San Mateo County (Calif.) Board of Education on negative watch and warned of a possible rating withdrawal later this month because the rating agency says the issuer is not providing information quickly enough.

A California study into conduit borrowers’ disclosure practices says the industry should try to make disclosure more consistent to allow investors to better evaluate investment alternatives.

California’s unemployment rate now sits at its lowest since February 2008 and year-to-date revenues are $474 million above the forecasted $13.36 billion, according to the state’s latest finance bulletin released Wednesday.

Moody's Investors Service upgraded Fresno, Calif.'s issuer rating to A3 from Baa1 and revised the city’s outlook from stable to positive citing its improved economic profile.

California’s public power utilities could face additional financial pressure over the medium to long term from the passage of new state legislation targeting greenhouse gas emissions, Fitch Rating said.

The San Francisco Bay Area Rapid Transit District will sell more than $350 million of highly-rated refunding bonds next week to refund bonds issued more than a decade ago.

California lawmakers passed legislation to change the way communities wind down their shuttered redevelopment agencies, leaving cities and their advocates trying to tally the effects of the last-minute bill.