California

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.

Teveia Barnes and Ruben Rojas, the duo named to head the California Infrastructure and Economic Development Bank, plan to make the I-Bank a more active lender.

The U.S. Supreme Court refused to hear California Gov. Jerry Brown's appeal of a lower court ruling that the state cut its prison population by 9,600 prisoners.

San Jose Mayor Chuck Reed, and four other California city mayors, filed papers Tuesday with the California Attorney General's office in the first step toward qualifying a statewide public pension reform measure for the November 2014 ballot.

Moody's Investors Service changed the outlook Tuesday on debt issued for Stockton, Calif.'s two Mello-Roos districts to stable from developing and affirmed the underlying Baa2 ratings on the two series rated by the agency.

Moody's Investors Service downgraded bankrupt Stockton, Calif.'s pension obligation bonds to Ca from Caa3 and changed the outlook to negative from developing.

Roseville Finance Authority in California received an A-plus rating and stable outlook from Fitch Ratings ahead of plans on Oct. 17 to price $74.5 million in electric system revenue refunding bonds.

Los Angeles Unified School district officials are slated to present a five-year budget plan to the school board and bond oversight committee at separate meetings at the end of this month that should flesh out $1 billion plans to purchase iPads for every student.

San Diego's proposed $520 million convention center expansion cleared its final regulatory hurdle when it was unanimously approved by the California Coastal Commission.

More issuers are starting to turn to direct lending for new money borrowings, in addition to refundings, according to speakers at The Bond Buyer's California Public Finance Conference.