California

Standard & Poor's announced Friday that it is withdrawing its rating on Palm Drive Health Care District, Calif. after repeated attempts to get necessary information from the issuer failed.

Fresno County, Calif. will bring $27 million of pension obligation refunding bonds to market in the coming days.

The authors of a California ballot initiative that would restructure public employee pensions said they will commission a legal review of the measure's "title and summary" before gathering signatures.

Richmond, Calif., is fighting to avoid being perceived as the next California issuer in distress after Moody’s Investors Service downgraded the city to junk.

Roseville, Calif.'s water utility revenue certificates of participation won an upgrade from Standard & Poor's, which cited the system's ability to raise rates.

Los Angeles and Ontario's settlement agreement involving Ontario International Airport is likely to provide for a more politically acceptable and stable ownership, but credit issues linger, according to a Fitch Ratings report.

Los Angeles released the final 20,000 "shade balls" Monday into a 175-acre Los Angeles reservoir to prevent pollution.

The monthly cash report from the California controller's office shows that revenues fell just 0.2% short of expectations in July.

A $52.2 million bond refunding priced by Carson, Calif.'s former redevelopment agency on Aug. 6 will pay environmental remediation costs needed to convert a former landfill into a National Football League stadium.

A survey out the San Francisco Controller's office found residents to be reasonably satisfied with its infrastructure and public services, in advance of major investments and a large bond proposal.

Moody's Investors Service upgraded Manhattan Beach Unified School District's general obligation bonds to Aa1 from Aa2 affecting $151.2 million in debt.

Los Angeles has agreed to return control of LA/Ontario International Airport to an Ontario, Calif.-based local authority.

Tax reform proposals in California are spreading like mushrooms as elected officials and public policy groups discuss changes to income taxes, sales taxes and property taxes.

The San Diego County Water Authority prevailed in a lawsuit targeting, among other things, the $1 billion Carlsbad desalination plant expected to begin operations later this year.

California leaders marked the final payment on $15 billion in bonds issued in 2004 to close a deficit.

Moody's Investors Service dropped Richmond, Calif. to junk late Tuesday with a three-notch downgrade that brought the city's implied general obligation rating to Ba1.

Challenges to $9 billion of bonds to pay for California's $68 billion high speed rail project are far from over.

Within hours of the Obama Administration's release of the final Clean Power Plan on Monday, opponents vowed to take legal action to block the rule while others hailed the measure.

Moody's Investors Service revised the outlook on Los Angeles County's $1.6 billion in outstanding debt ahead of plans to refund $205 million in lease revenue bonds.

San Bernardino reached a tentative agreement with the police union, but negotiations continue with its firefighters’ union and the holder and insurer of its pension obligation bonds.