California

Moody's Investors Service affirmed Loma Linda University Medical Center, Calif.'s Baa3 revenue bond rating.

In a major boost for California's high-speed rail project, the California Supreme Court declined to consider petitions challenging funding for the state's bullet train.

John Deasy, Los Angeles Unified School District Superintendent, resigned after months of controversy arose about bidding practices involving a plan to put iPads in the hands of every student.

The mayor of bankrupt San Bernardino and the city's police union both claim the other side attempted to violate the terms of a tentative contract agreement reached in confidential mediations.

As California Treasurer Bill Lockyer nears the end of his tenure, he talks about some of the biggest challenges he's faced, and the ones that still lie ahead for the Golden State.

The California County Tobacco Securitization Agency on Oct. 21 plans to price a $95.5 million refunding of 2002 tobacco bonds issued for the Kern County Tobacco Asset Securitization Agency.

Total revenues for the month of September, which ended the state's first fiscal year, came in above estimates at $9.8 billion.

Moody's Investors Service on Oct. 13 downgraded Long Beach, Calif. Airport Enterprise to A3 from A2 and revised the outlook to stable from negative affecting $117.5 million in outstanding senior airport enterprise revenue bonds.

Fitch Ratings upgraded Rady Children's Hospital and Health Center in San Diego to AA-minus from A-plus.

The new Enhanced Infrastructure Financing District law signed by Gov. Jerry Brown last month is a credit positive for California's local governments, says Moody's Investors Service.

Other Post Employment Benefit liabilities, particularly retiree healthcare, could overtake pension liabilities as an issue for municipalities and investors,

At The Bond Buyer's California Public Finance Conference, Schiff Hardin's Rick Frimmer discussed the implications of recent developments in municipal bankruptcy.

The evolving understanding of climate change poses challenges in evaluating and disclosing municipal securities risk, said panelists at The Bond Buyer's California Public Finance Conference.

The market is expected to warmly receive the California State Public Works Board's $254 million lease revenue bond deal.

If pension obligations are impaired in the Stockton, Calif. bankruptcy case, state lawmakers could respond by closing the door to bankruptcy for California municipalities, State Treasurer Bill Lockyer predicted.

Fitch Ratings takes a look at the various strategies of dealing with water supply issues among California's five largest urban water utilities.

Positive financial developments for California school districts may be offset by numerous pressures, according to Fitch Ratings.

The Los Angeles Department of Water and Power received across-the-board AA-minus affirmations from the three largest rating agencies ahead of plans to price $450 million in power system revenue bonds.

Marc Hughes joined Mesirow Financial last week after being laid off as head of Municipal Investment Banking for Mitsubishi UFJ Securities in a downsizing of that firm's West Coast long-term municipal bond team.

Tom Lockard has been appointed to head operations in California for a real estate start-up after a 30-year career at Stone & Youngberg.