Nevada

LOS ANGELES - A confirmation hearing on the Las Vegas Monorail's plans to exit bankruptcy that had been slated this week was postponed after bondholders, the insurer, and the issuer all balked.

Moody’s Investors Service has downgraded Nye County’s limited-tax general obligation debt to A3 from A1, affecting $28.47 million of outstanding bonds.

SAN FRANCISCO - In one of the most complicated bankruptcy cases involving municipal debt, Las Vegas Monorail Co. bondholders are battling on multiple fronts to try and ­recover some of their money.

The financial troubles in North Las Vegas may be getting so bad the state government may step in, according to local press reports.

Moody's Investors Service has downgraded North Las Vegas' general obligation bonds two notches to A1 from Aa2 because of major declines in the city’s tax base.

Nevada Treasurer Kate Marshall issued a statement earlier this month in reaction to what she considered misreporting on the state's debt burden.

The Las Vegas Monorail has been given court permission to send its bankruptcy-exit plan to creditors for a vote.

Nevada and Las Vegas retained the top spots in the nation for foreclosures, according to RealtyTrac.

The Nevada Assembly approved a bill Tuesday to support a public-private partnership to build a bypass toll road around Boulder City.

Nevada Gov. Brian Sandoval and legislative leadership announced a budget deal Wednesday.

Nevada Treasurer Kate Marshall has announced she will run for Congress in hopes of filling a seat left vacant by a Republican named to the U.S. Senate, according to local news reports.

ALAMEDA, Calif. — Nevada received its second downgrade of the month Thursday when Moody’s Investors Service dropped its general obligation bonds to Aa2 from Aa1.

ALAMEDA, Calif. — Las Vegas Monorail Co. bondholder Eaton Vance has broken with other large holders of the bankrupt project’s debt to challenge the settlement that trustee Wells Fargo Bank NA negotiated with Wisconsin state regulators to commute the monorail’s bond insurance policy.

ALAMEDA, Calif. — Collapsing property values and a threatened Nevada funding raid led all three major ratings agencies to take negative actions this week on the Clark County School District.

ALAMEDA, Calif. — Most holders of $451.5 million of first-tier revenue bonds issued for the Las Vegas Monorail are prepared to accept $111 million up front and release Ambac Assurance Corp. from its exposure to the defaulted bonds, the bond trustee said in a disclosure filing.

Real estate development firm Majestic Realty Tuesday announced a proposal to build a new football stadium at the University of Nevada, Las Vegas, with the help of tax-increment bond financing.

ALAMEDA, Calif. — Conflict looms when Nevada lawmakers convene Monday to map out a budget for their recession-battered state.

ALAMEDA, Calif. — Moody’s Investors Service changed its outlook on Nevada’s Aa1 bond rating to negative from stable this week as the state prepared for a $233 million general obligation bond sale.

Ambac Assurance Corp. is close to reaching a settlement that would wipe away more than $500 million of exposure to revenue bonds issued by the Nevada Department of Business and Industry for the Las Vegas Monorail, according to its regulator Thursday.

Nevada Treasurer Kate Marshall will serve a second term.