California

Standard & Poor's downgraded San Fernando, Calif. redevelopment agency bonds to junk-level BB-plus from BBB-plus and gave the bonds a negative outlook.

Stockton, Calif.'s effort to make bondholders take a $350 million hit during its bankruptcy process will likely blackball it from the bond market for years and raise future costs.

Voters on March 5 will select three new trustees for a seven-person Los Angeles Community College District board in a district that has been riddled with controversy.

Fitch Ratings downgraded the underlying ratings on $49 million of Placerville, Calif.'s Marshall Medical Center revenue bonds to junk because of weak finances.

San Diego-based Common Bond Capital Partners has acquired its first distressed land-secured municipal bond project in Florida.

Stockton, Calif.'s unhappy bond market creditors will get a trial starting March 25 to challenge the city's eligibility for Chapter 9 bankruptcy protection.

Stockton, Calif., in the midst of Chapter 9 bankruptcy proceedings, announced Tuesday that it had reached an agreement with Ambac.

California lawmaker Bob Wiekowski introduced legislation for Treasurer Bill Lockyer to curb private contractors running conduit issuers in the state, including California Statewide Communities Development Authority.

The successor agency to Monrovia, Cali's redevelopment agency refunded a five-year note that went into default last summer during the months it took to get approval from the state to refinance.

Gov. Jerry Brown¹s proposed budget would improve the credit quality of California school districts, according to Moody's Investors Service.

The San Bernardino City Council on Tuesday approved the contract for its new city manager, Allan Parker, who will guide the city through Chapter 9 bankruptcy.

The California Rules Committee reappointed Oscar Sablan, a Firebaugh, Calif. physician, to the California Health Facilities Financing Authority.

The California Department of Finance reported that state revenues rose $5 billion above estimates in the governor's budget mainly resulting from a jump in personal income tax receipts.

President Obama's proposal for a Build-America-Bonds-like program for infrastructure has its roots in a proposal by the Los Angeles County Metropolitan Transportation Authority, and some infrastructure analysts say it represents a pro-business pivot from the White House.

More than half of the Los Angeles City Council and a new mayor will be grappling with the city's still fragile financial picture.

California announced it will sell $2.73 billion of general obligation bonds in March, the state's first sale since its Standard & Poor's upgrade.

Compton, Calif., a city that skirted bankruptcy last year, on Tuesday secured a buyer in Wells Capital for a $5 million note thanks in part to a lockbox payment structure.

Stockton, Calif., has shot back at challenges to its eligibility for bankruptcy protection ahead of a hearing set for next week.

The San Diego County Water Authority on Wednesday achieved $51 million in net-present value savings through 2034 when it priced a $299 million refunding.

Sales of municipal bonds in the Far West region grew by almost a quarter in 2012 compared to a year ago, spurred by record low interest rates that led to an increase in refinancing.