Negative Outlook bond rating for Pleasant Hill Recreation and Park District

Financial storm clouds remain on the horizon for the Pleasant Hill Recreation and Park District (PHRPD), established in 1951. Following review of the District’s finances, including June 30, 2012 financial statements, a February 8, 2013 report from Fitch Ratings affirmed an “A” rating and “negative rating outlook” for $20 million in District general obligation (GO) […]

California IOUs no good say banks

Beginning Friday, July 10, Bank of America, CitiGroup, Wells Fargo, Morgan Chase, and other major banks will no longer accept the $3 Billion in California IOUs the bankrupt state plans to issue.