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Debt Market

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  • Better than expected rates trim airport's debt costs

    Better than expected rates trim airport's debt costs
    Interest rates for bonds sold to construct a new transit center at Bob Hope Airport came in lower than expected, reducing the annual debt obligation by more than $1.25 million, officials reported Monday.
  • City official knocks state payout

    After maneuvering through a tangled bureaucratic mess, Burbank and Glendale have received millions to pay down redevelopment-related debt obligations, although the amounts they received fell short of what city officials say is their fair share. In the...

    Glendale appeals redevelopment payout amid legal challenge

    Glendale appeals redevelopment payout amid legal challenge
    Glendale officials say the state is overcharging the city by $1 million to keep its redevelopment agency, prompting them to file an appeal with the Department of Finance. State lawmakers earlier this year essentially forced local redevelopment...

    Fitch downgrades Airport Authority bonds

    Fitch downgrades Airport Authority bonds
    Credit agency Fitch this week downgraded its rating on Burbank-Glendale-Pasadena Airport Authority bonds, but noted the airport is in healthy financial shape overall. The agency dropped its rating to A+ from AA- on $53.5 million worth of outstanding 2005...