California

Trends in the San Bernardino bankruptcy case put the city's bondholders on track to feel more pain than other creditors.

Fremont Unified School District sold $140 million of general obligation bonds on Tuesday to fund school projects throughout the San Francisco Bay Area district.

San Francisco's toll bridge agency is planning to sell $814 million of refunding and revenue bonds next month.

San Diego's five-year financial outlook forecasts revenues to improve modestly from fiscal 2016 to 2020.

Franklin Advisors, the holdout creditor in the Stockton bankruptcy, has filed an appeal challenging U.S. Bankruptcy Judge Christopher Klein's confirmation of the city's plan of adjustment.

Moody's Investors Service affirmed its A1 rating for Rady Children's Hospital-San Diego and revised the hospital's outlook to positive from stable affecting $404 million in outstanding debt.

Culver City officials had little time to celebrate a favorable court ruling in the city's three-year dispute with the California Department of Finance stemming from the redevelopment agency wind-down process, as DOF filed an appeal three days later.

Moody's Investors Service has upgraded San Diego’s issuer rating to Aa2 from Aa3 and the city's lease revenue bonds to A1 from A2, according to a Nov. 12 report.

With its credit reputation on the upswing, California was in a position to capitalize on Thursday when it priced $1.2 billion of general obligation bonds.

Los Angeles Mayor Eric Garcetti on Nov. 12 announced several initiatives expected to save up to $50 million that will be used to repair 200 miles of streets annually.

A renewed interest in subdivisions that stalled during the recession is likely the main reason the California Debt and Investment Advisory Commission reported doubling of refunding volume in land-secured Mello-Roos bonds from fiscal year 2011-12 to 2012-13, according to government consultant Larry Kosmont.

California's revenues for the month of October came in at 12.3% above estimates, according to State Controller John Chiang.

The recent passage of a measure to build California's rainy day fund while also limiting the amount of reserves school districts can keep is a positive for the state and a negative for districts, Moody's Investors Service said.

Thomas Jefferson School of Law in San Diego plans to close on a debt restructuring agreement on Nov. 15 involving a sale-leaseback of its building that reduces $127 million in outstanding debt by two-thirds and resolves a default.

The Fix LA Coalition, an effort spearheaded by labor unions and its allies, wants Los Angeles City Attorney Mike Feuer to file a regulatory complaint against the underwriters involved in 2006 interest rate swaps saying the risks weren't disclosed.

California local streets and roads will continue to deteriorate unless additional funding can be found, according to recent statewide condition report.

Moody's Investors Service has upgraded the rating on Stockton, Calif.'s 2006 lease revenue bonds and its water bonds following the confirmation of the city's bankruptcy exit plan, while affirming a low speculative-grade Ca rating on its pension obligation bonds.

The San Francisco Metropolitan Transportation Agency's revenue bond rating has been upgraded to Aa2 from Aa3 based on positive financial operations.

California Gov. Jerry Brown easily won re-election while persuading voters to approve two ballot measures with municipal market implications.

Standard & Poor's upgraded California GO bonds to A-plus from A Wednesday, citing voter approval of a rainy-day-fund ballot measure.