California

Vallejo officially exited from Chapter 9 bankruptcy protection on Tuesday after finally satisfying the conditions of its plan that was approved in early August by a bankruptcy judge.

LOS ANGELES - The California Housing Finance Agency has agreed to temporarily stop foreclosing on homeowners who are renting their homes out and are current on their mortgages.

SAN FRANCISCO - California Gov. Jerry Brown unveiled a pension reform plan Thursday that would affect both current and new workers in state and local government in an effort to control rising costs.

LOS ANGELES - Afraid of jeopardizing its tax-exempt bond status, the California Housing Finance Agency has been foreclosing on homeowners who are renting out homes financed by the agency - even if they are current on their mortgages, according to a report by the state Senate Office of Oversight and Outcomes.

Fitch Ratings downgraded more than $370 million of debt issued for Eisenhower Medical Center to BBB from A-minus.

San Diego-based Rady Children’s Hospital received an A-plus from Fitch Ratings on $150 million of bonds to be sold through negotiation the week of Nov. 7.

San Jose is weighing a parcel tax to help cover a $1 billion bill to upgrade streets over the next decade, according to a published report.

Montebello will move ahead on a note issue despite claims earlier this month that an ill-timed release of a report from the California controller’s office jeopardized its efforts to sell short-term notes.

SAN FRANCISCO - California Gov. Jerry Brown will unveil his pension reform plan Thursday, sparking a renewed debate on the state's employee retirement liabilities.

SAN FRANCISCO - Some California redevelopment agency bonds with poor backstops will face credit stress if legislation to disband the agencies or force large payouts is upheld in court, according to Standard & Poor's.

SAN FRANCISCO - Stockton, Calif., is facing the rising specter of a technical default on its redevelopment agency debt, as it will likely have to dip into reserves to pay debt service for $87 million of outstanding bonds.

The Los Angeles City Council is finding that compiling a list of banks to boycott isn't as simple as it sounds.

LOS ANGELES - The San Diego Unified School District, despite double-A ratings, has put California lawmakers on notice that if proposed trigger cuts are implemented, it could be facing insolvency in the next two years.

SAN FRANCISCO - With Moody's Investors Service dropping Fresno three notches to A2 from Aa2 on Thursday, the California city's membership in the "super downgrade" club has now been affirmed by all three credit rating agencies.

SAN FRANCISCO - A California health care district is swaying once again on the edge of bankruptcy after emerging from Chapter 9 protection only three years ago.

Standard & Poor’s lowered its rating one notch on $35 million of outstanding bonds issued for Casa Colina Inc. and Affiliates to BBB from BBB-plus.

The Children’s Hospital of Orange County received A ratings from Fitch Ratings and Standard & Poor’s on $105 million of fixed-rate bonds expected to sell on Oct. 24.

The California Supreme Court said it will hear arguments Nov. 10 in San Francisco in a case that will likely decide the future of redevelopment agencies in the state.

Gov. Jerry Brown says he will be proposing specific reforms to California’s pension system.

The mayor of Santa Ana, Calif., dismissed reports that the city - facing a $24 million deficit in 2012 - is on the verge of bankruptcy.