California

California's legislative session ended Friday without a transportation funding plan, but legislative leaders vowed to complete the work through a conference committee this fall.

Fitch Ratings upgraded the San Francisco Airport Commission's approximately $77.6 million series 1997A and 2000A special facility lease revenue bonds to A-minus from BBB-plus.

A bill to give the Los Angeles County Metropolitan Transportation Authority more autonomy in public-private partnerships for highway projects could be affected by California’s transportation funding gridlock.

Fitch Ratings has placed $112.5 million of revenue bonds issued for the J. David Gladstone Institute on negative outlook due to "unsustainable" draws on the organization's endowment fund.

California’s August revenues came in $637.8 million higher than the amount anticipated when the 2015-16 budget passed in July, according to the state controller’s office.

Standard & Poor's has upgraded Eureka Redevelopment Agency, Calif. to BBB-plus from BBB, citing improved cash management.

Fitch Ratings downgraded to junk $683 million of Loma Linda University Medical Center, Calif. revenue bonds saying the hospital plans to issue more debt next year to tackle earthquake safety projects than it had anticipated.

Moody’s Investors Service downgraded the rating of Lancaster, Calif.-based Antelope Valley Hospital District further into junk territory citing the sudden resignation of the hospital’s chief executive officer this summer.

California's recent agreement with one of its employee unions to have employees prefund some of their retirement benefits is something its elected leaders want to extend to more state employees.

The Los Angeles Department of Water and Power expects to save $1.9 million when it refundings $271 million in power system revenue bonds on Sept. 15-16.

Standard & Poor’s revised Los Olivos Elementary School District, Calif.’s outlook to stable from negative.

California’s successful water conservation efforts are a credit positive for the state’s water utilities, says Moody’s Investors Service.

California’s exceptionally strong legal protections mean sustained pension hikes for the next several years, according to Moody’s Investors Service.

The twin ports of Los Angeles and Long Beach are bracing for potential impacts from a slowing Chinese economy.

California lawmakers are getting closer to finding more money for the state's infrastructure with less than two weeks left in the regular legislative session, though deep divides remain.

Los Angeles selected as U.S. choice to compete with international cities to host the Summer Olympics and Paralympics in 2024.

Standard & Poor's has upgraded Salinas, Calif.'s sanitary sewer system revenue bonds to AA-minus from A-plus.

Metropolitan Water District of Southern California plans to appeal an adverse ruling on claims it overcharged the San Diego Water County Water Authority.

The California treasurer's office estimates the state garnered $204.7 million of present value savings on its $1.93 billion combined new money/refunding general obligation sale.

A Los Angeles Committee's bid for the 2024 Olympic Games is a "conceptual overview with limited details of how the 2024 Games would be staged," according to city analysts' report.