California

The California Supreme Court declined to review an appeals court's decision on a contested financing method used by Fresno Unified School District.

The National Association of Bond Lawyers has updated its bankruptcy guide for members with new information drawn from the relatively high number of municipal bankruptcy filings in the last few years.

Peter Hughes has been appointed to a three-year term as Orange County's performance audit director.

Moody's Investors Service upgraded Citrus Valley Health Partners, Calif.'s underlying revenue bond ratings to Baa3.

The oil and gas industry is pressing Congress to permit exports of crude as prices remain at the lowest since the 2008 global financial crisis. The campaign comes as Houston and other energy dependent credits face growing pain from the falling prices, according to Fitch Ratings.

Sacramento is planning to convert existing short-term debt into long-term bonds next month to finance its share of an arena for the Sacramento Kings basketball team.

Diane Stanton began work Monday as executive director of the California Health Facilities Financing Authority, a conduit issuer for the state's non-profit hospitals, according to the treasurer's office.

San Jose, Calif.’s pension settlement with the city’s police and firefighters is evidence that reducing pension liabilities will be challenging for local governments, Fitch Ratings said in a commentary.

California general obligation bonds were trading like double-A credits ahead of the state’s planned $1.9 billion GO sale, according to the Municipal Market Data scale.

Standard & Poor's affirmed its AAA rating of California Department of Water Resources water system revenue bonds for the Central Valley Project ahead of a $109 million deal it expects to price Aug. 25.

A high-profile San Francisco Bay Area business advocate, the Bay Area Council's Jim Wunderman, says a sales tax should be used to help meet California's massive unfunded transportation needs.

Far West issuers sold $48.3 billion of municipal bonds in the first half of 2015, a 70% increase from the first six months of 2014 that was driven by refundings.

Standard & Poor’s removed from credit watch and affirmed its A-plus rating on the West Covina Public Finance Authority, Calif.'s lease-revenue bonds after the city enacted improved internal controls.

California lawmakers began consideration of several bond-related propositions aimed at raising infrastructure revenue.

A survey Fitch Ratings conducted of 49 California water utilities found that customers can expect rate increases and that those increases bode well for California water districts' credit quality through 2017.

Moody's Investors Service boosted by four notches to A2 $97.4 million in tax allocation bond debt managed by the successor agency to Westminster, Calif.'s redevelopment agency.

Moody’s Investors Service affirmed California’s Aa3 rating ahead of a $1.9 billion general obligation bond sale slated for Aug. 26.

Moody's Investors Service upgraded four notches to investment grade tax allocation refunding bonds managed by the successor agency to Torrance, Calif.’s redevelopment agency.

Moody's Investors Service placed on review for downgrade the Aa3 rating of Central Basin Municipal Water District's certificates of participation and adjustable rate refunding certificates of participation.

Bondholders could receive up to a 30% recovery on Nevada County, Calif. dirt bonds that went into default 23 years ago as part of a bankruptcy workout.