Nevada

Nevada Gov. Brian Sandoval withdrew legislation that would have allowed the state to issue liquor-tax backed general obligation bonds.

Moody's downgraded $5 million of Nevada Housing Division Multi-Unit Housing Revenue bonds to Aa2 from Aaa as part of larger review of U.S. stand-along housing bond programs secured by credit enhanced mortgages.

Moody's Investors Service on Friday downgraded Reno, Nev.'s general obligation limited tax bond rating to A1 from Aa3 and revised the outlook from negative to stable.

Nevada, Wyoming and Texas received high marks in a Morningstar report on how their state permanent fund programs affect credit analysis of individual bonds.

Clark County, Nev., Commissioners approved a 4% decrease in sewer bills for customers served by the Clark County Water Reclamation District.

Fitch affirmed its AA rating and negative outlook to Las Vegas limited tax general obligation bonds impacting $348 million in outstanding debt.

Standard & Poor's revised the outlook to stable from negative and affirmed a BBB underlying rating on Reno, Nev., capital improvement revenue bonds.

Fitch Ratings assigned a AA-plus rating ahead of Nevada's plans on March 7 to refund $200 million in general obligation limited tax bonds.

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.

Nevada Gov. Brian Sandoval proposed issuing general obligation bonds backed by liquor taxes to fund $58 million in capital projects because the state still has no capacity for its traditional property-tax backed GOs.

Stradling Yocca Carlson & Rauth opens a Reno, Nev., office and hires 14-year bond veteran, Scott Shaver, formerly of Sherman & Howard, to run it.

Tax policy discussions are planned for Day 2 of Nevada's legislative session that begins Feb. 4, lawmakers say.

Nevada's state agencies surpassed a cap placed on budget requests by Gov. Brian Sandoval by $419 million, 6.5% higher than the governor's spending limits.

The Reno, Nev. City Council postponed a decision about a tentative plan to provide a $30 million subsidy to help the owners of the minor-league baseball Reno Aces refinance their stadium development debt.

The Reno, Nev., City Council will discuss at its Dec. 12 meeting a tentative plan to provide a $30 million subsidy spread over 30 years to help the owners of the Reno Aces, its local minor league baseball team, refinance their stadium development debt.

Reno, Nevada's had $130 million in capital improvement revenue bonds downgraded three notches to Baa2 from A3 by Moody's Investors Service.

Nevada legislators may consider unemployment insurance revenue bonds to repay $681 million owed the federal government.

The IRS is auditing $650 million of general obligation school bonds Clark County, Nev. School District issued in 2007 and $50 million of general obligation water and sewer bonds Fernley, Nev. Issued in 2007.

The Nevada housing market could take decades to recover, said economist Jeremy Aguero during a forum hosted by Las Vegas Mayor Carolyn Goodman.

West Coast nonprofit hospital chain Dignity Health, formerly Catholic Healthcare West, was downgraded ahead of plans to sell up to $500 million in taxable bonds.