Bond ratings

King County, Washington plans a $422.2 million competitive sale of limited tax general obligation bonds for Wednesday.

Moody's cited narrowing financial flexibility and declining debt service.

Moody's Ratings has put McLaren Health Care Corporation's A1 revenue bond ratings under review for downgrade after Indiana ended a key Medicaid contract with the company.

Oakland touts financial turnaround with a $335 million bond sale ahead, despite negative credit outlooks.

Moody's cited prospects for reduced operating deficits, generally stable enrollment and strong philanthropic support.

The $6.3 billion all-funds budget was amended in the wake of the Nov. 4 defeat of a property tax rate increase that would have raised $109.5 million in revenue.

After terminating the project in September, the council approved an initial deal with a new contractor team to develop design and construction options.

A state audit of the Houston-based HBCU that identified financial issues led the governor to direct state agencies to launch an investigation.

The Texas city could revisit plans for a desalination project to boost its dwindling water supply with the city council scheduled to consider it next week.

Recently enacted tax policy changes will help the state's finances, Fitch said.

S&P revised Chicago's outlook to negative from stable and affirmed its BBB rating on the city's outstanding general obligation debt.

Moody's revised the outlook on the Chicago Board of Education to stable from positive on Monday.

Concerns over the Texas city's future water supply after a desalination project was terminated, led to negative rating outlooks from Fitch and S&P.

The rating agency expects the school to post an operating deficit this year.

The school system, which has an AA underlying bond rating from S&P, was targeted by the Texas Education Agency for a takeover based on academic performance.

Moody's cited the school's weakening liquidity levels in its downgrade.

Fitch Ratings cited the hospital's growing revenue and other factors in lifting the issuer's outlook.

The rating agency pointed to potential financial pressure from tax and other changes on the federal level for the state's outlook revision.

Fitch cited the system's operating performance and plans for up to $4.2 billion in addional debt.

Fitch cited improved long-term liability metrics.