California

The California Public Employees' Retirement System lost its appeal of San Bernardino's bankruptcy, and filed an amicus brief in a separate case about the city's former redevelopment successor agency.

California's plan to reduce greenhouse gas emissions will likely be management for state public power agencies, according to Fitch Ratings.

San Francisco's triple-A rated Bay Area Transit System is planning to sell $240 million of bonds next week to finance earthquake safety improvements throughout its facilities.

Moody's left most California redevelopment bonds at junk after a review, unpersuaded by state government assurances that tax allocation bond debt service payments take precedence.

The Los Angeles Unified School District board extended Superintendent Sean Deasy’s contract to June 2016 after nearly five hours of discussion in closed session.

Moody’s Investors Service has completed its review of California tax allocation bond ratings, making 12 upgrades and nine downgrades and leaving most redevelopment bonds at speculative grade.

The San Diego City Council Infrastructure Committee approved $121 million in lease revenue bonds bond for street repairs, public safety building improvements, and a variety of other projects.

Standard & Poor's has upgraded Sausalito, Calif.'s general obligation bond rating two notches based on its recently released new local GO criteria.

Los Angeles Mayor Eric Garcetti announced Monday that City Administrative Officer Miguel Santana will keep his job as the city's top budget advisor.

Attorneys representing Victorville, Calif. and its officials argued in court that SEC fraud charges in connection with a 2008 bond offering should be dismissed.

Moody's Investors Service downgraded Lake Elsinore, Calif., Unified School District's issuer rating on Oct. 25 two notches to A2 from Aa3 affecting $31.5 million in debt.

Moody's Investors Service downgraded Ontario International Airport's revenue bonds to Baa1 from A3 with a stable outlook affecting $67.1 million in outstanding bonds.

In its first bond sale since 2006, the once bankrupt city of Vallejo, Calif. is planning to offer $19 million of water revenue refunding bonds next week.

Moody's Investors Service revised Citrus Valley Health Partners outlook to positive from stable and affirmed its Ba2 bond rating affecting $67.7 million in rated debt.

The California Public Employees' Retirement System has filed documents appealing San Bernardino, Calif.'s eligibility to be in chapter 9 bankruptcy.

California counties' savings from the health insurance expansion under the Affordable Care Act will be offset by other state funding cuts, according to Moody's.

California sold $2.28 billion of general obligation bonds on Tuesday, which generated larger refunding savings than estimated.

After a four-day strike, union workers and San Francisco Bay Area Transit management have reached a tentative agreement on labor contracts.

The San Francisco Bay Area Rapid Transit District strike is a credit negative for the transit system, according to Moody's Investors Service.

The California Public Employees' Retirement System plans to appeal the bankruptcy court ruling declaring San Bernardino eligible to be in Chapter 9 bankruptcy.