Bond ratings

Alaska Housing Finance Corp. had its Aa1 ratings affirmed by Moody's ahead of plans to issue debt.

Northwest Nazarene University, an Idaho private Christian college, had its ratings outlook revised to positive.

Fitch Ratings cited Sacramento City Unified School District's fiscal challenges in downgrading its issuer default rating to junk and assigning a negative outlook.

The state's expectation of a deficit in the coming biennium budget was cited in the outlook revision.

Fitch revised the outlook to negative from stable, citing a significant jump in leverage.

The $14.6 billion budget calls for hiring police and Olympic-focused infrastructure spending after last year's spending plan proposed layoffs.

The rating agency cited the prospect of lowered debt service coverage ratios in the next three years.

S&P cited repeated draws on reserves for the lowered outlook.

Moody's Ratings upgraded Alum Rock Union Elementary School District on proactive management actions in the face of enrollment and fiscal challenges.

The review, which included mostly Texas and Colorado bond issuers, comes as the amount of voter-approved debt authorized for districts is exploding.

S&P Global Ratings cited the state's structurally balanced budgets and progress on improving the finances of its pension system.

The rating agency cited the state's sustained improvements in fiscal management and robust reserves.

The Texas city is reviving a seawater desalination project as it faces a water supply crisis that has impacted its bond ratings.

The competitive bond sale comes after the triple-A-rated city received a negative outlook from S&P over the use of reserves to ease budget pressures.

The Texas city, which is a regional water supplier, is turning to several sources to boost dwindling water supplies amid an ongoing drought.

Moody's cited the enterprise's exceptional cash position and strong debt service coverage.

The rating agency lifted the state's general obligation and other ratings by a notch, citing well-established and prudent governance practices.

Berryessa Union School District in Santa Clara County had its issuer rating downgraded to A2 from A1 by Moody's.

The Alaska IDEA's $75M notes were rated AA-plus by S&P, which cited strong financials.

Palomar Health's bond rating remains stuck at junk, but UCSD partnership offers a glimmer of hope.