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A judge's decision that bankrupt California local governments can impair pension obligations could open the door for pension negotiations but won't cause a rush to file for Chapter 9 bankruptcy protection, municipal bankruptcy attorneys say.
By Tonya ChinOctober 2 -
California's water utility sector is maintaining a strong credit profile, despite pressures from the state's ongoing drought, according to market participants.
By Tonya ChinOctober 2 -
The judge in the Stockton, Calif. bankruptcy case has ruled that a city in Chapter 9 bankruptcy has the power to adjust California Public Employees' Retirement System pensions.
By Tonya ChinOctober 1 -
Moody's Investors Service has upgraded the California College of the Arts ahead of a private placement planned later this month.
By Tonya ChinSeptember 30 - California
Gov. Jerry Brown on Monday signed into law a bill that will make it easier for local governments to take advantage of a current infrastructure financing law.
By Tonya ChinSeptember 30 - California
Gov. Jerry Brown signed a bill authorizing a bond issuance for the Monterey Peninsula's water project.
By Tonya ChinSeptember 26 - California
California's Department of Water Resources is planning to sell $625 million of water revenue bonds to refund a portion of its outstanding bonds for debt service savings.
By Tonya ChinSeptember 25 -
Washington State University has been authorized to sell up to $16.25 million of revenue bonds for a new health clinic at its Spokane, Wash. campus.
By Tonya ChinSeptember 24 - California
California completed its sale on Tuesday of $2.37 billion of general obligation bonds, meeting strong demand from both retail and institutional investors.
By Tonya ChinSeptember 24 - California
New groundwater legislation signed by California Gov. Jerry Brown will benefit water agencies in the long run, but won't make much of a difference in mitigating current pressures caused by the state's drought, according to Fitch Ratings.
By Tonya ChinSeptember 22