California

Orange County Transportation Authority, Calif., received a two-notch ratings bump on its senior lien toll road revenue bonds to AA-minus from Standard & Poor's on Tuesday.

After almost two years of preparation, an adverse ruling Monday on the hotel sales tax that would have funded the majority of San Diego's planned convention center expansion sends city leaders back to the drawing board.

California Governor Jerry Brown is pushing a scaled-down $6 billion water bond to go on the November ballot as other bond proposals in the state legislature remain stalled.

If the State of California wants to maximize refunding savings then the Legislature should authorize "oversight boards" to issue refunding bonds on behalf of successor agencies.

Standard & Poor's has upgraded the rating on general obligation bonds issued by the Pittsburg Unified School Districted, located east of San Francisco in Contra Costa County.

A water main break that resulted in the release of an estimated 20 million gallons of water, flooding Westside Los Angeles neighborhoods and the University of California-Los Angeles campus, is reflective of problems cities across the country face as they grapple with aging infrastructures.

California's new law that requires municipal issuers to disclose to the California Debt Investment and Advisory Commission their private placements and direct loans from banks is beneficial to investors and analysts, according to Moody's Investors Service.

The California 3rd District Court of Appeal ruled Thursday that the state may resume selling $10 billion in bonds for its $68 billion high speed rail project.

The state of California is planning to sell $2.8 billion of revenue anticipation notes in its lowest cash flow borrowing transaction in eight years.

A water main break that flooded the University of California-Los Angeles campus in Westwood raises the specter of the need for the Los Angeles Department of Water & Power to ratchet up its capital improvement program.

The Los Angeles County Metropolitan Transportation Authority’s board voted last week to study the feasibility of creating a light rail system on the Orange Line to connect the San Fernando and San Gabriel Valleys.

San Francisco Mayor Ed Lee approved a $500 million general obligation bond measure that will go before voters on Nov. 4.

Moody's Investors Service downgraded three tranches of Fort Irwin Land LLC, Calif. military housing revenue bonds citing concern over volatility and debt service coverage.

California State University is planning to sell $744 million of revenue bonds this week to refund outstanding debt and provide funding for various campus projects across the state.

Costs of complying with environmental regulations could increase for California's hydroelectric-reliant public utilities as the state's severe drought pushes them toward more generation sources with higher greenhouse gas emissions, according to Fitch Ratings.

An independent accountant hired by the Long Beach Community College District in California has estimated that the district may have to pay about $1.73 million to settle with the Internal Revenue Service under the agency's voluntary closing agreement program, an issuer official said.

A court of appeals upheld a proposed route connecting the San Francisco Bay Area to the Central Valley for California's $68 billion high speed rail project.

Municipal Assurance Corp., Assured Guaranty's municipal-only business, has been licensed by the California Department of Insurance to write financial guaranty insurance in the state alongside its affiliates Assured Guaranty Municipal Corp. and Assured Guaranty Corp.

A majority of Californians would vote “yes” to an $11 billion water bond on the November ballot, according to a survey from the Public Policy Institute of California.

Credit spreads on California's general obligation have been narrowing, both before and after the state's upgrade to Aa3 by Moody's Investors Service.