Nevada

Moody's revised the outlook on Nevada's GOs and COPs to stable from negative.

Brightline Holdings will wait until 2022 to try again to finance a passenger train to Las Vegas from Southern California with tax-exempt bonds.

Arizona and neighboring states are preparing for the first mandatory cuts in water from the Colorado River after 20 years of drought.

Gov. Steve Sisolak opted to form a joint committee to study the idea, rather than proposing legislation this session.

The three mining tax proposals would require a constitutional amendment because the current tax cap is baked into the constitution.

The second bankruptcy of the Las Vegas Monorail was much smaller than the first, and bondholder Preston Hollow LLC is getting paid a full $22 million.

Clark County, Nevada's reserve draw, brought about by low hotel tax revenues, has no rating impact on the limited tax general obligation bonds, Moody's said.

California will give the private activity bond capacity granted to the high-speed rail project to affordable housing projects and other qualifying ventures.

Pricing was delayed for a $3.2 billion municipal bond deal to finance a passenger railroad between southern California and Las Vegas.

The company's upcoming $3.2 billion deal marks the largest sale of unrated debt in the muni market.

Municipal issuers in the Far West sold $38.7 billion in bonds during the first six months of 2020, 8.8% more than they did the year before.

Citing market turmoil from the pandemic, a California conduit issuer gave the Virgin Trains USA project a five-month extension to sell $3.25 billion of debt.

Moody's action on Aa1-rated Nevada follows a Fitch Ratings outlook cut to negative three weeks ago as the coronavirus hammers a tourism based state economy.

Fitch Ratings downgraded Las Vegas a notch to AA-minus

Nevada was one of the last states to recover from the Great Recession

AA-rated Las Vegas saw its outlook revised to negative by S&P Global Ratings with casinos shuttered and visitors absent.

Issuers in the Far West sold $85 billion of municipal bonds in 2019, a 23% increase from 2018.

Fitch Ratings raised the Las Vegas suburb to BBB-minus from BB, with a stable outlook.

The California Debt Limit Allocation Committee wants more information on the request for $600 million of private activity bond allocation.

S&P Global Ratings elevated Nevada's rating to AA-plus, two days after a Moody's upgrade.