Hawaii

Hawaii received a second upgrade from a major rating agency ahead of plans to issue $757 million in general obligation bonds as Moody’s Investors Service upgraded the state’s GO bonds to Aa1.

Hawaii officials say they will upgrade an antiquated accounting system and take other steps to ensure that the state won’t repeat the violations it self-reported to the Securities and Exchange Commission.

The Federal Transit Administration granted Honolulu additional time for a recovery plan to deal with cost overruns on its elevated rail project.

The Hawaii House and Senate overrode the governor's veto of a bill he said could lead to a downgrade of the state's bonds.

Hawaii Gov. David Ige signed an agreement with the Navy to coordinate the human and financial resources of the state and the Department of Defense to advance clean energy projects.

Hawaii signed a lease agreement with Kaiser Permanente in which the health system will take over three struggling Maui hospitals.

Some Hawaii military housing bonds received a Moody’s Investors Service upgrade ahead of a May sale.

Hawaii next week will sell bonds competitively for the first time in more than a quarter century.

Honolulu Mayor Kirk Caldwell wants control of Honolulu’s $6.9 billion elevated returned to the mayor’s office.

Far West issuers sold $83.6 billion of municipal bonds in 2015, a 26.5% increase over the prior year, as refundings continued to drive volume.