-
Moody's Investors Service has upgraded the rating on Stockton, Calif.'s 2006 lease revenue bonds and its water bonds following the confirmation of the city's bankruptcy exit plan, while affirming a low speculative-grade Ca rating on its pension obligation bonds.
By Tonya ChinNovember 7 -
The San Francisco Metropolitan Transportation Agency's revenue bond rating has been upgraded to Aa2 from Aa3 based on positive financial operations.
By Tonya ChinNovember 6 - California
Standard & Poor's upgraded California GO bonds to A-plus from A Wednesday, citing voter approval of a rainy-day-fund ballot measure.
By Tonya ChinNovember 5 -
Moody's Investors Service said the outcome of Stockton, Calif.'s bankruptcy confirmation hearing is a credit positive for the California Public Employees Retirement System since pension obligations were unimpaired.
By Tonya ChinNovember 5 -
Spokane, Wash.'s airport has been downgraded to A2 from A2 by Moody's Investors Service.
By Tonya ChinNovember 3 -
While the judge's ruling in Stockton, Calif.'s bankruptcy case did not provide a precedent for dealing with pension obligations in Chapter 9, it did provide a "roadmap" for other municipalities that may want to cut pensions, one expert said.
By Tonya ChinOctober 31 -
The judge in Stockton's bankruptcy case has approved the city's plan to exit bankruptcy, without impairing the California Public Employees Retirement System.
By Tonya ChinOctober 30 - California
In next week's general election, California school districts are asking voters to approve 113 separate bond measures, worth a total of $11.6 billion.
By Tonya ChinOctober 30 - California
The State Public Works Board of California is planning to sell $230 million of lease revenue bonds in a refunding deal next week.
By Tonya ChinOctober 29 - California
California's Controller, John Chiang, a Democrat will face off against Republican Greg Conlon, a businessman and former California Public Utilities Commission chair, in the race for treasurer to replace the retiring Bill Lockyer.
By Tonya ChinOctober 28