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The state conduit that issued $170 million of defaulted Better Housing Foundation bonds is weighing in as S&P prepares housing bond criteria changes.February 10
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Recoveries would be from 65% to 77% for general obligation and Public Building Authority bondholders.February 10
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A proposed asset sale would resolve — with a loss for bond investors — one of five Better Housing Foundation-owned portfolios in default in the Chicago area.February 5
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Scott Wiener plans to introduce a bill later this week outlining a plan to take over the bankrupt investor-owned utility.February 4
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An Oversight Board lawyer said that an announcement might be made in the next 30 days.January 29
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Gavin Newsom's filing urges the judge overseeing the utility's Chapter 11 not to approve bankruptcy exit financing commitments.January 24
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The Clearwater Cay Community Development District dismissed its Chapter 9 case and will pursue a dispute about property assessments in state court.December 18
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The agreement with wildfire victims will enable the bankrupt investor-owned utility to hit a deadline to participate in wildfire claim fund, its says.December 9
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The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.November 12
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One plan would convert the investor-owned utility into a customer-owned cooperative, while local governments and agencies look at municipalizing PG&E assets.October 24
