Nevada

The Reno-Sparks Indian Colony in Nevada received a Fitch Ratings upgrade bringing its long-term issuer default rating into institutional-grade territory.

The Internal Revenue Service is auditing $105.48 million of passenger facility charge revenue bonds issued by Clark County, Nev., in 2007 to finance capital improvements at McCarran International Airport.

Preliminary plans to relocate the National Football League’s Oakland Raiders to Las Vegas call for the creation of a Clark County Stadium Authority that would issue up to $750 million of bonds to help finance a new $1.4 billion stadium under a public-private partnership agreement.

A Chinese-owned electric car manufacturer that won subsidies from Nevada has offered to put up a $75 million surety bond to guarantee bonds get paid if its proposed North Las Vegas factory does not get built.

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.

Rating agencies affirmed a two-notch spread on Nevada's highway revenue bond ratings ahead of a $200M competitive sale.

Plans for a $1 billion electric car factory in North Las Vegas are a credit positive for Clark County and Nevada, according to Moody's Investors Service.

Standard & Poor's raised its long-term rating to AA-minus from A-plus on Reno, Nev.'s general obligation limited tax sewer refunding bonds.

Fitch Ratings deemed the reorganization of Clark County School District, Nevada's largest school and the nation's fifth biggest, to be a mid-term credit risk in a report describing the experience of a Utah school district that underwent a break-up in 2010.

Nevada's Clark County School District, the nation's fifth largest, is in the midst of a restructuring that could have repercussions for its outstanding and future bonds.