California

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.

In his last debt affordability report before he retires from public office, State Treasurer Bill Lockyer gives an update on California's financial position and debt issuance plans, including plans to issue $3.9 billion in new general fund supported debt in fiscal 2015.

San Bernardino experienced another setback in its bankruptcy when the police union's president announced that a breakdown has occurred in a tentative agreement with the city.

Fitch Ratings and Standard & Poor's say the recent ruling in Stockton, Calif.'s bankruptcy case does not have significant credit implications for Stockton and other distressed municipalities.

Moody's Investors Service revised the outlook on all of Fresno's ratings Tuesday signaling that the city's ratings could be upgraded in the next 12-14 months.

A judge's decision that bankrupt California local governments can impair pension obligations could open the door for pension negotiations but won't cause a rush to file for Chapter 9 bankruptcy protection, municipal bankruptcy attorneys say.

California's water utility sector is maintaining a strong credit profile, despite pressures from the state's ongoing drought, according to market participants.

The judge in the Stockton, Calif. bankruptcy case has ruled that a city in Chapter 9 bankruptcy has the power to adjust California Public Employees' Retirement System pensions.

The California Debt and Investment Advisory Commission is conducting an analysis of bond disclosure information provided by conduit borrowers including nonprofit hospitals when significant events occur.

Moody's Investors Service has upgraded the California College of the Arts ahead of a private placement planned later this month.

Los Angeles city leaders offer support for Anschutz Entertainment Group's request for an extension to sign the National Football League team required for its soon-to-expire contract with the city to construct an NFL stadium and convention center expansion.