California

Fitch Ratings views favorably two recent developments in San Francisco Community College District's accreditation battle, according to a report released Friday.

California's long-term ratings from all rating agencies could hit double-A levels if current conditions continue, according to a Municipal Market Analytics report.

U.S. Bankruptcy Judge Christopher Klein has denied a request by Franklin Templeton Investments to stay Stockton's Chapter 9 bankruptcy exit.

Moody's Investors Service revised its outlook from stable to positive on the Beverly Hills-based Cedars-Sinai Medical Center's long-term revenue bonds. It affirmed its A1 rating

Former Orange County Supervisor John Moorlach officially announced his decision to run in a special election for the 37th State Senate District.

California Gov. Jerry Brown's proposed 2015-16 budget is mostly positive for school districts, Fitch Ratings said.

California Gov. Jerry Brown’s budget dedicates additional funding to schools from boosted revenues for operating costs, but he proposes to shut down the state's K-12 school bond program.

Paul Rosenstiel, a managing director of public finance at Stifel, Nicolaus & Co, has been reappointed to the California State Teachers' Retirement Board by California Governor Jerry Brown.

Fitch Ratings downgraded Oroville Elementary School District to A-plus from AA-minus based on a structural imbalance that has steadily eroded the district's previously solid fund balances.

A union opposed to the sale of nonprofit California hospital system Daughters of Charity to a for-profit operator has filed a National Labor Relations Board complaint as it fights to derail the transaction.

The Orange County Water District, Calif. Board of Directors voted to enter into formal negotiations with Poseidon Water to build a $900 million seawater desalination plant in Huntington Beach.

San Bernardino's pension bondholders have filed a lawsuit in the California city's bankruptcy case seeking equal treatment with the state's largest pension fund.

California Gov. Jerry Brown signaled a focus on state retiree healthcare obligations when he released his $113.3 billion fiscal 2016 general fund budget proposal.

State Treasurer John Chiang selected municipal bond veteran Tim Schaefer as deputy treasurer for public finance, among senior staff picks announced the week of his swearing in.

California's nonprofit Daughters of Charity Health System is bucking noisy union opposition in an effort to sell out to a for-profit operator that would retire its junk-rated tax-exempt bonds.

Art Leahy, chief executive of the Los Angeles County Metropolitan Transportation Authority, plans to step down in April when his contract expires.

Work is officially under way on California's $68 billion high speed passenger rail project funded with $10 billion of voter-approved state bonds

New California Controller Betty Yee's latest senior staff picks include municipal bond industry veteran Lynn Paquin, who was appointed senior financial advisor.

Fitch Ratings affirmed its AA-minus rating, and Standard & Poor's its A-plus rating, ahead of a bond sale planned by Cottage Health System in Santa Barbara, Calif.

Proposed changes in how Moody's Investors Service rates $6.5 billion in tax allocation bonds in California could mean upgrades for many Golden State redevelopment credits.